Vila Franca De Xira, Lisbon 2600

Approved allotment to develop 58 villas in Vila Franca de Xira, just outside Lisbon. Situated on a sprawling plot of approximately 48.801m, this parcel of land offers breathtaking views of the majestic Tagus River. Just 2.5km from the historic town center, this plot of land is nestled in a peaceful area with fresh country air, promising an outstanding quality of life and a lifestyle in harmony with nature.Vila Franca de Xira, a mere 25km from Lisbon and a 15-minute drive from the airport, boasts excellent connectivity through urban trains and convenient access to Lisbon via the A1 highway. The locality also features top-notch medical facilities, including a nearby hospital, childcare options, and educational institutions.This development holds significant value because urban land for residential projects is very scarce in this area. The approved Preliminary Information Request (Pip) for 58 residences is a testament to the strategic location and visionary planning. Each spacious residence, ranging from 283m to 325m, is oriented to capture the unparalleled beauty of the Tagus River, providing generous living spaces and outdoor areas. The architectural design is distinctive and exclusive, embracing innovative and sustainable construction practices. The urban development includes parking facilities, green spaces, and comes complete with a Geological Study and Traffic Project.This property has also received a positive assessment for incorporating a senior living community within the development alongside the residential areas.It is possible to acquire the company that owns this asset which could also be very advantageous in this acquisition.Presently, we estimate that townhouses and semi-detached residences can be introduced to the market at approximately 430.000 to 450.000 while detached residences may be placed on the market for approximately 700.000 to 750.000.An excellent investment opportunity to build highly in-demand middle-class housing in a rapidly expanding urban area near Lisbon.