€415,000

Located in the centre of Lagoa, this plot represents an excellent property investment opportunity, with an approved project and building licence pending payment for the construction of three independent duplex apartments. The project comprises two floors, a basement, a garage with space for four vehicles, a garden, swimming pool and terrace, combining functionality, comfort and strong potential for capital appreciation. Situated within an Urban Rehabilitation Area (ARU), covered by an approved Urban Rehabilitation Operation (ORU) and Strategic Urban Rehabilitation Programme (PERU), the project may benefit from tax incentives and reductions in municipal fees, subject to the applicable legal requirements. An ideal opportunity for investors looking to develop a residential project with attractive rental potential, in a central and sought-after location in the Algarve. Property Features: Plot area: 279 m² Gross built area: 553 m² Usable area: 517.41 m² Apartment types: T3 + T1 + T1, all duplex Garage: 4 parking spaces Features: swimming pool, garden, terrace and basement Contact us for further information about this investment opportunity in Lagoa. #ref:CR 44 - CR 44 - Crismonte, Lda