€380,000

An excellent investment opportunity in São Gonçalo, Funchal: a 20,350 m² plot located on Caminho de São João Latrão, combining proximity to Funchal with the natural and landscape characteristics of the area. Due to its size, location and classification under the Funchal Municipal Master Plan (PDM), the property offers potential for investors seeking a large-scale asset with different possibilities for future appreciation. According to the PDM framework available for the property, the land is classified as Forest Areas, primarily intended for forestry, timber production and silvo-pastoral, agricultural and forestry activities. The planning framework also allows certain compatible uses, including different types of tourist developments such as hotels, rural hotels, Quintas da Madeira, tourist villages and tourist complexes, as well as rural tourism establishments, tourism accommodation and camping and caravan parks. Certain public or public-interest facilities may also be permitted, including sports facilities, viewpoints and other structures associated with the enjoyment of the landscape and the multifunctional use of rural areas. The PDM establishes specific development parameters for certain uses. For hotels and other relevant tourist developments, these include a maximum land sealing ratio of 0.20, up to two floors above ground level and a maximum total façade height of 9 metres. For camping and caravan parks, the maximum land sealing ratio is 0.10, with up to one floor above ground level and a maximum façade height of 5 metres. For forestry support facilities and certain compatible uses, specific parameters apply, including a maximum floor area ratio of 0.05 and a maximum total construction area of 1,000 m². Any development or construction potential must be assessed on a case-by-case basis, taking into account the characteristics of the land, infrastructure requirements, possible easements or public-interest restrictions, territorial integration requirements and all applicable legal and planning provisions. Certain uses are also subject to assessment and approval by the competent authorities. The total area of 20,350 m² comprises four separate plots of land. The owner is willing to consider selling the entire property as presented, while also offering the possibility of purchasing the four plots individually, providing different acquisition options depending on each buyer's project and requirements. An opportunity worth considering for investors, tourism developers, rural and nature tourism operators, agricultural or forestry investors and entrepreneurs seeking a substantial asset within the municipality of Funchal. For further information, available documentation and details regarding the PDM classification, please contact us to arrange a viewing. Energy Rating: Exempt #ref:C0216-03422 - C0216-03422 - Century 21 - Prestige