Grândola, Setúbal Municipality

We present an excellent investment opportunity in the centre of the town of Grndola: a property with unique features, located in a privileged location and with great potential for urban redevelopment. Occupying nearly an entire block, this property stands out for its size and versatility, making it ideal for the development of a new housing project or a small multi-family building. Property Features Total area of the land: 666 smTotal area of existing construction: 625.50 smCurrent layout: housing, garage and warehouseType: set of contiguous buildingsThe central location offers easy access to shops, services, public transport and other urban facilities, making this property ideal for a new housing project or the construction of a small multi-family building. Development Potential According to the Municipal Master Plan (PDM) of Grndola, the area where the property is located is classified as a Level I Residential Area. This classification allows: Maximum land use index: 1.10Maximum number of floors above the threshold level: 2 floors (a third may be allowed, set back or using the attic)Minimum area per lot: 300 m. Based on these parameters, it is possible to develop a project that maximises the buildable area, respecting the regulations in force. Feasibility Analysis Taking into account the construction index of 1.10, the maximum permitted.The construction area on this plot of land is: 666 sm 1.10 = 732.6 sm. Currently, the existing construction totals 625.50 square meters, which means that there is still room to expand the constructed area by approximately 107 square meters, subject to municipal approval and the project's technical specifications. Profitability Potential The strategic location and high construction potential make this property particularly attractive to investors. Well-structured residential projects in this area can capitalise on the growing demand for housing in Grndola, driven by its tourist appeal and high quality of life. It is recommended that you consult the Grndola City Council to confirm the applicable urban parameters and to explore possible incentives for real estate development. For more information or to schedule a visit, do not hesitate to contact us.