Significant Real Estate Investment opportunity
For construction of 43 apartments + villa + land
Lovely farm of 15.500 square meters, owned by a Portuguese Partnership, with full building authorization, is presently on the market to be transformed into an ideal condominium of up to 43 apartments.
It is in perfect conditions and consists also of a villa, a bungalow, 2 apartments, an office, laundry, sauna, wardrobe, garage and storages.
A newly built salt swimming pool ( 15 x 7,5m ) and a tennis court..
Expansive gardens with mature plants and a large orchard and vineyard.
There are not many projects this size authorizide for building in the Algarve,”the sunny spot in Europe”.
Price is €360,000 for purchase of 100% company shares (incl. property + long term bank credit line of €620,000).
