Land 7600 m2 - Porto Santo Island, Madeira

€1,200,000

Porto Santo, Porto Santo

Land/Plot for sale in Porto Santo, 7600 m²

Porto Santo, Porto Santo

€1,200,000

Ref:86818722
7600
Type: Land/Plot

Description

A truly rare investment opportunity on one of the most exclusive islands in the Atlantic. Location & Natural Highlight Porto Santo is famous for its 9 km golden beach, considered one of the most beautiful and therapeutic in Europe - the sand has unique mineral properties with recognized beneficial effects for bones and joints. The island receives an increasing number of visitors seeking to escape the tourist masses of Tenerife or the Algarve, in search of tranquility and nature. The Land - Key Strengths Completely flat, rare on Atlantic islands, eliminating leveling costs and facilitating any type of construction. Close to the sea with privileged views of the golden beach. Excellent location near infrastructure (Cristiano Ronaldo Madeira Airport, Santo da Serra Golf Course, White sand beach in Machico) With the PIP (Prior Information Request) approved for 5,320 m² of total gross construction area, the potential of the land becomes much more interesting and appealing for investors. What Can Be Built? Here are some indicative scenarios: - Hotel / Resort With 5,320 m² of possible construction, it is possible to develop a medium-sized hotel with 60 to 80 rooms (considering common areas, restaurant, spa, swimming pool). In Porto Santo, with increasing demand and limited supply, occupancy rates are solid. - Residential Complex / Tourist Village Allows construction of 30 to 50 units (apartments or villas) depending on typology - from studio to 3-bedroom - with common areas, swimming pool and gardens. Ideal for fractional sale or local accommodation exploration. - Health & Wellness Resort Taking advantage of Porto Santo beach's therapeutic fame, a luxury retreat with spa, wellness clinic and premium accommodation is a very strong trend in the European market. This information is merely illustrative of the land's potential, requiring consultation with the competent administrative authorities for the development and approval of any project. The urban planning indicators and constraints applicable to this rural property are as follows: 1 - Maximum construction index: 0.70 2 - Maximum percentage of covered area: 50% 3 - Maximum impermeable surface: 70% 4 - Non-impermeable surface equal to or greater than 30% of the lot 5 - Maximum height: 7m (except in special cases, justified by the nature of the activity) 6 - Building setbacks: a) To lateral limits - half the height of the building and never less than 3m, in isolated buildings; b) To the rear - half the height and never less than 5m, in isolated buildings; In relation to the street, the distance must be obligatorily greater than or equal to 7m, and must include a public parking strip adjacent to it, except for the access strip provided, which may not occupy more than 25% of the parcel or lot frontage. For more information, please contact me.

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