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2 Contiguous urban plots of land with 641 m2 located in the historic center of Moncarapacho
Olhão, Faro, Portugal, 8700-061
REF: 920158
€149,500
Description
2 Contiguous urban land totaling an area of 641 m2 located in the historic center of Moncarapacho.
This set of 2 plots will be ideal for an investor, promoter or builder, taking into account that by joining the 2 plots in the same article, the Olhão PDM will allow in this area a construction of up to 3 floors and at least with a land occupation in half the area, that is, an implantation area with 320 m2 and a total construction area with 960 m2 on 3 floors.
An architectural project may be pr.. 2 Contiguous urban land totaling an area of 641 m2 located in the historic center of Moncarapacho.
This set of 2 plots will be ideal for an investor, promoter or builder, taking into account that by joining the 2 plots in the same article, the Olhão PDM will allow in this area a construction of up to 3 floors and at least with a land occupation in half the area, that is, an implantation area with 320 m2 and a total construction area with 960 m2 on 3 floors.
An architectural project may be presented to the Municipality of Olhão in order to try to fully occupy the land area of 641 m2 on 3 floors according to a report we have from an architect.
These 2 plots will be ideal for the construction of a multi-family building consisting of:
On the ground floor for commerce or services and parking,
On floors 2 and 3 collective dwellings of typologies T2 and T3
and on the roof a roof top terrace for laser areas and for technical and equipment areas.
Article 4 has an area of 337 m2, consists of a ruined house with 93.5 m2 with 5 compartments, leaving a patio with 244 m2.
Article 5 has an area of 304 m2, consists of a warehouse for industrial activity and storage with 160m2, with a patio with 144 m2.
These 2 contiguous plots of land can also be used for those who want to build a house in addition to enjoying the existing warehouse.
Come visit before it's too late !
2 Contiguous urban land totaling an area of 641 m2 located in the historic center of Moncarapacho.
This set of 2 plots will be ideal for an investor, promoter or builder, taking into account that by joining the 2 plots in the same article, the Olhão PDM will allow in this area a construction of up to 3 floors and at least with a land occupation in half the area, that is, an implantation area with 320 m2 and a total construction area with 960 m2 on 3 floors.
An architectural project may be pr.. 2 Contiguous urban land totaling an area of 641 m2 located in the historic center of Moncarapacho.
This set of 2 plots will be ideal for an investor, promoter or builder, taking into account that by joining the 2 plots in the same article, the Olhão PDM will allow in this area a construction of up to 3 floors and at least with a land occupation in half the area, that is, an implantation area with 320 m2 and a total construction area with 960 m2 on 3 floors.
An architectural project may be presented to the Municipality of Olhão in order to try to fully occupy the land area of 641 m2 on 3 floors according to a report we have from an architect.
These 2 plots will be ideal for the construction of a multi-family building consisting of:
On the ground floor for commerce or services and parking,
On floors 2 and 3 collective dwellings of typologies T2 and T3
and on the roof a roof top terrace for laser areas and for technical and equipment areas.
Article 4 has an area of 337 m2, consists of a ruined house with 93.5 m2 with 5 compartments, leaving a patio with 244 m2.
Article 5 has an area of 304 m2, consists of a warehouse for industrial activity and storage with 160m2, with a patio with 144 m2.
These 2 contiguous plots of land can also be used for those who want to build a house in addition to enjoying the existing warehouse.
Come visit before it's too late !
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Property on Map
Currency Exchange
Olhão, Faro, Portugal, 8700-061
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €149,500 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €149,500 | £123,173 | £126,791 | £3,618 |
| Property Price € | €149,500 |
| Minimum cost in the last six months | £123,173 |
| Maximum cost in the last six months | £126,791 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,618 |
Olhão, Faro, Portugal, 8700-061
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €149,500 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €149,500 | £123,173 | £126,791 | £3,618 |
| Property Price € | €149,500 |
| Minimum cost in the last six months | £123,173 |
| Maximum cost in the last six months | £126,791 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,618 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £3,618 more.
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