Land for 21 apartments development

Ponta Delgada - Azores

For Sale

€450.000

Property Description

Land plot zoned as Urban consisting of housing, annex buildings facing Av. Principe do Monaco with 30 m of frontage. The area has become a new centrality, attracting several housing, commercial and service developments.
The land is classified in PDM as "Mixed Areas Level IV" which allows the construction of a Apartments building with four floors above the threshold level and two in the basement for parking and storage.

According to the Ponta Delgada PDM, the building capacity of the plot of land would translate into an IIB (Gross Implantation Index) of 0.60 with the possibility of the building reaching 4 floors and a height of 14.5 m.

According to a preliminary study already prepared and taking into account the possibility of the northern portion being integrated into the business, making a total of 1.508.00 m2, it will be possible to develop the construction with the following characteristics:
21 apartments of bedroom1 to T4 bedrooms typologies, a Collective Use Equipment and a space for commerce and services. Floors -1 and -2 are reserved for parking and storage of all fractions in accordance with current legislation.
Information to be confirmed through prior information request at the Ponta Delgada City Council.

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Property Details

Property ID

199ebf21-1a8f-4a19-b629-a0894a84cc17

Property Location

Ponta Delgada - Azores