Land for Sale in Portugal
Plot of land in Palmela, Setúbal near Lisbon and the coast

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This is a 970m2 privately owned plot of land, ideal for construction of a wonderful holiday home, with licence for building already guaranteed and to be available within the next 3 months when the surrounding terrain has all been urbanized.

The land is located just 25 minutes from Lisbon airport, using the Vasco da Gama bridge, and 10-15 minutes from the new Alcochete airport which will be built within 8-10 years, making this a unique investment opportunity. It is within 10 minutes of the Arrábida National Park (Parque Nacional da Serra da Arrábida) and a short drive from the beaches at Sesimbra and Setúbal, from where you can cross by ferry to the idyllic Troia pensinsula with its amazing virgin beaches. For the exact location of Olhos de Agua, please see the map below.

This building plot is located in an area of terrain which is currently being urbanized in an official project managed by the Cooperativa de Habitação dos Olhos de Água (the CHOA, or the Olhos de Agua Building Cooperative), and with full authorisation from the Câmara de Palmela (Palmela Municipal Council). All the minutes from the CHOA meetings are on record and at the buyer's full disposal.

Once urbanization of this land is complete, the Câmara will present the land owners with 9 different construction projects, each one designed by a professional architect, and completely free. These projects can then be simply taken to a building company for price quotes. Depending on the construction project chosen, the cost of building your dream home with pool for the perfect holiday should be around 300-500 euros per square metre. The current owner is willing to help you with this process if necessary.

The land is perfect for a 2-storey house with swimming pool, or even 2 semi-detached houses with pool.

Furthermore, the CHOA, Câmara and the Banco Espírito Santo (BES) have reached an agreement whereby finance for the construction of these projects is already guaranteed by the BES bank. So no worries about obtaining a mortgage to pay for the construction of the house!

The cost of the urbanization of this tract of land is shared by the land owners. The cost for this particular plot of land was €20,000 and has already been paid (proof of purchase available), together with all taxes meaning no further urbanization costs for the buyer. Potential buyers should compare this fact to other plots of land for sale. The urbanization includes the following infrastructure & services:-

• roads, pavements & sewers
• ETAR (sewage treatment unit, owned by the urbanization)
• gas, water & electricity facilities
• access to satellite TV installation
• green areas, park and children's play areas
• area destined for sports activities

The plot is number 126 on the above plan, it has a total area of 970 square metres. The maximum footprint (area de implantação) for a house on this plot is 194m2 and the maximum total area (area de construção) is 388m2, which would be a 2-storey house. No houses of more than 2 floors are allowed in this urbanization.

Plot 126 is located right next to the 15,000m2 of planned green park area and children's play area. Apart from these open spaces right in front of the land, the urbanization also envisages nearly 40,000m2 of land destined for sports activities, all within a protected area of countryside.

The current owners are an English-Portuguese couple, who are willing to help the future buyers in every stage of the process.

The price of this land is just €100,000 which includes the €20,000 urbanization cost already paid.
Potential buyers should contact us at info @ lisbonapartments.com for more information.

LOCATION MAP FOR OLHOS D'AGUA

Places Nearby

Arrábida - Mediterranean vegetation by the Atlantic. Setubal - Busy port; the birthplace of Manueline architecture; dolphin watching Sesimbra - Calm waters in a fishing town; a mystical cape Azeitão - Sleepy village with fine mansions and wine Lisbon - The Age of Discovery, World Heritage monuments, museum treasures, vibrant nightlife