Fantastic buildable plot in the center of Praia da Luz
Investment opportunity - Buildable plot of Land in Praia da Luz
Investment opportunity - Buildable plot of Land 655 sqm. Buildable area up to 524 sqm and 3 floors.
Located in a very quiet area but yet only a few steps away from the beach, shops, restaurant and Padel club, this plot represent an excellent investment opportunity, either to build a large family villa or a 4 or 6 apartments building. Let's schedule a visit !
Investment Considerations:
Land Purchase: € 485 000 (€ 933/m² buildable)
Property Transfer Tax (IMT) + Stamp duty + Legal and Notary fees: ~ € 36 000 to € 42 000
Estimated Construction Cost: € 1M – € 1.5M (6 apartments + swimming pool)
Start to Finish Estimated Times: 24 to 36 Months
Projected Rental Income per Apartment: € 25 000 – € 35 000 per year*
Estimated Resale Price per Apartment: € 430 000 – € 600 000*
Total Estimated Resale : € 2.7M to € 3.4M
Unlevered Average ROI : ~ 72% - Levered Average ROI (60% LTV): ~ 180% (over 30 Months)
*Depending on floor and finishes and based on comparable products in Praia da Luz
Disclaimer: The financial figures presented in this document are for reference purposes only and do not constitute a guarantee of future performance. Each investment opportunity requires thorough due diligence and independent evaluation by qualified financial and legal professionals before any commitments are made. The decision to invest should be based on a comprehensive assessment of risks, market conditions, and project viability