Land with Approved PIP for Collective Housing Building – Costa da Caparica
I present a plot of land with 1,200m², with an approved prior information project, located in Praceta Fernão de Magalhães, in the heart of Quinta de Santo António, in Costa da Caparica — an area in full appreciation, with growing demand for both own housing and investment.
The currently approved PIP provides for the construction of a collective housing building with 5 floors (4 above and 1 below the threshold level, last floors with sea view), with the following configuration:
14 housing units + 1 Commerce
• 6 T2
• 5 T3
• 3 T4
•Trade
19 parking spaces in basement
Swimming pool and leisure area on the rooftop, for the exclusive use of the condominium
Gross construction area: 3,065m²
Facade height: 15.50 m
This project respects all the parameters of the Almada PDM and has already obtained a conditional favorable opinion from the Directorate-General for National Defense Resources, taking into account the technical easements and the proximity to the fossil cliff.
Location and Potential for Appreciation
Located just 5 minutes from the beaches of Costa da Caparica, this land is located in an area of strong urban rehabilitation and with a very high appreciation rate. The demand for housing in the area is increasing, both by permanent residents and by tourist investment.
Profitability and Expansion Potential
According to feasibility studies, the estimated profitability of the project may exceed 40%, with robust margins both in fractional sale and in exploitation for rent.
There is also technical and urban potential to increase the number of housing units to 21, by reformulating the project, which could significantly maximize the return on investment.
I present a plot of land with 1,200m², with an approved prior information project, located in Praceta Fernão de Magalhães, in the heart of Quinta de Santo António, in Costa da Caparica — an area in full appreciation, with growing demand for both own housing and investment.
The currently approved PIP provides for the construction of a collective housing building with 5 floors (4 above and 1 below the threshold level, last floors with sea view), with the following configuration:
14 housing units + 1 Commerce
• 6 T2
• 5 T3
• 3 T4
•Trade
19 parking spaces in basement
Swimming pool and leisure area on the rooftop, for the exclusive use of the condominium
Gross construction area: 3,065m²
Facade height: 15.50 m
This project respects all the parameters of the Almada PDM and has already obtained a conditional favorable opinion from the Directorate-General for National Defense Resources, taking into account the technical easements and the proximity to the fossil cliff.
Location and Potential for Appreciation
Located just 5 minutes from the beaches of Costa da Caparica, this land is located in an area of strong urban rehabilitation and with a very high appreciation rate. The demand for housing in the area is increasing, both by permanent residents and by tourist investment.
Profitability and Expansion Potential
According to feasibility studies, the estimated profitability of the project may exceed 40%, with robust margins both in fractional sale and in exploitation for rent.
There is also technical and urban potential to increase the number of housing units to 21, by reformulating the project, which could significantly maximize the return on investment.
