Property For Sale Madeira,Portugal

For sale by real estate agent - Madeira

Property for sale

(ID:38263) Development Land in Ponta Do Pargo

$486,476 | £355,085 | €400,000
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ForSale 4000 SqFt Area 0Baths 0Beds
  • Ocean View
  • New Motorway
  • Golf Course Groundworks
  • Propsed Golf Course
  • Site
  • Topography

Land of 4000m2, on the edge of the rock, with fabulous sea views, classified in the Municipal Master Plan as 'Tourist Occupation Spaces', has a land use index of 1.85, that is, for example, a hotel unit with the total area can be built maximum of 7400m2. This land has already been approved for a hotel. Its location is strategic as it is very close to the future 18-hole Ponta do Pargo golf course designed by golfer Nick Faldo who believes that this course will be one of the most beautiful in Europe. This land will share the roadway with the main entrance to the new golf course

In addition, the land could be developed for a luxury apartment block or villas

Not mentioned