€890,000

We present an exclusive urban land, located in one of the quietest and most privileged areas of the island, with a subdivision project already approved by the City Council. A unique opportunity to immediately start a housing development of 15 single-family houses, in a true natural paradise. Location: Lomba, Section A-I, Porto Santo Island - Madeira Total area: 10,420 m² Approved project - ready to build: 15 plots for single-family houses Maximum 2 floors per dwelling Total buildable area: 5,988 m² Overall area of intervention: 9,687 m² Nature reserve: 733 m² Assignment to the public domain: 3,699 m² Streets and circulation: 1,820 m² Tours: 1,200 m² Communal green spaces: 679 m² Private parking in each lot Rainwater harvesting system per house Minimum setbacks: 3 m lateral and 5 m at the back The project is ready to move forward: all you have to do is deliver the technical specialities (water, sanitation, electricity, acoustics, etc.), already budgeted and prepared by a civil engineer. Extra potential for big visions Although approved for 15 houses, the land allows other solutions with high return (upon municipal approval): Luxury gated community Tourist resort or local accommodation Supermarket, hypermarket or island logistics centre Private health clinic or unit College, nursery or educational centre A rare opportunity to invest in a paradise island, with the project already authorised and all the documentation in order. _______________________________________________________________________________________________________________________ The information provided, although accurate, is merely informative, so it cannot be considered binding, and may be subject to change. Energy Rating: Exempt #ref:HH_227PXO25 - HH_227PXO25 - HiHome