Verified listing
Share:

Residential or hospitality development opportunity

Estoril, PortugalUnlock address

60%

€17.750.000

Development

#14879

Value-Add, Opportunistic

2 Feb 2024

Property Details

Broker

For sale

14,588 m²

building gross area

1,216.75 €/m²

118

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

This is a unique opportunity to develop a large greenfield project in the famous Estoril area. Sloped piece of land allowing for a unique product with fantastic panoramic sea views and solar exposure, to be developed. Benefitting from quick accesses to both Lisbon and Cascais as well as all the essential services and amenities of a vibrant and sought-after location, the plot takes advantage of a privileged location, great sun exposure and will allow the future project to have amazing sea views (one of the highest hills of Estoril, allowing for 360-degrees panoramic views). The approved project entails the construction of 118 units and 7,500 sqm above ground, within a residential and/or hospitality concept, with abundant exterior areas (over 1,500 sqm of balconies and terraces). Located less than 25 minutes from Lisbon and less than 5 minutes from the beach, it offers an outstanding location, market and licensing conditions for a special development. 􀁣􀁦􀁛􀁕􀁇􀁃􀁩􀃑􀁏􀁙􀃑􀁩􀁎􀁇􀃑􀁌􀀺􀁘􀁛􀁪􀁧􀃑􀀎􀁧􀁩􀁛􀁦􀁏􀁗􀃑􀀺􀁦􀀮􀁎􀁏􀁧􀃑􀁏􀁧􀃑􀀺􀃑􀁪􀁙􀁏􀁥􀁪􀁇􀃑􀁛􀁣􀁣􀁛􀁦􀁩􀁪􀁙􀁏􀁩􀁲􀃑􀁩􀁛􀃑􀁅􀁇􀁯􀁇􀁗􀁛􀁣􀃑􀀺􀃑􀁗􀀺􀁦􀁍􀁇􀃑􀁍􀁦􀁇􀁇􀁙􀂂􀁇􀁗􀁅􀃑 􀁣􀁦􀁛􀁕􀁇􀁃􀁩􀃑􀁏􀁙􀃑􀁩􀁎􀁇􀃑􀁌􀀺􀁘􀁛􀁪􀁧􀃑􀀎􀁧􀁩􀁛􀁦􀁏􀁗􀃑􀀺􀁦􀁇􀀺􀂪