Private Introduction · Portugal
Land in Portalegre
Plot in Portalegre — €725,000.
- Price
- From EUR 725K
Introduction
Urban land with approved PIP for construction of a residential development exceeding 3,000 sqm in the centre of Portalegre, with panoramic views of Portalegre Castle, Alentejo.The current price includes the approved project with licences to be paid and provides for the construction of 24 two-bedroom flats (8 per floor) of 110 sqm, with two en-suite bedrooms and a guest toilet in each flat.It features 36 parking spaces on the -1 floor and a communal swimming pool. The plot is 2,800 sqm and involves partial demolition of the existing building, making it eligible for urban rehabilitation criteria. A unique investment opportunity given the extraordinary location of the plot on one of the highest points of the city, near higher education institutions, local shops and services.It is located a one hour from Badajoz and two hours from Lisbon.
Why This Opportunity
Prime Portalegre location
Located in Portalegre, Portalegre, Portugal — a sought-after part of the market.
Priced at €725,000
On the market at €725,000.
Studio homes
Layout up to 2800 m².
~5% estimated gross yield
Estimated 6% annual capital growth for Portalegre (market-level estimate).
The Area
Where it is
Getting around
A6 / IP2 Road Network
A6 motorway (Lisbon-Madrid) to the south and IP2 north-south route [A6 ~30 km south]
Portalegre Railway Station
CP station on the Linha do Leste line [~12 km from the city centre]
Lisbon Airport (LIS)
Nearest major international airport, west via A6/IP2 [~220 km / 2h20 by car]
Nearby
Parque Natural da Serra de São Mamede
Mountain natural park rising to 1,027 m, rich in wildlife and hiking trails [surrounds the city]
Sé de Portalegre
16th-century cathedral with twin towers, azulejos and religious art [city centre]
Museu da Tapeçaria de Portalegre (Manufatura)
Museum of the town's renowned hand-woven tapestry tradition [city centre]
Castelo de Marvão
Well-preserved medieval hilltop castle and walled village nearby [~21 km]
Schools
Instituto Politécnico de Portalegre
Public polytechnic (est. 1979) with campuses in the city [in Portalegre]
International schools in Lisbon
Nearest English-curriculum international schools are in the Lisbon area [~220 km]
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Figures are indicative and subject to change. Regulations, taxes and market conditions vary by jurisdiction. Do your own due diligence and seek independent legal and financial advice.