Caniço, Madeira, Address available on request

Ref.: 04711

Description:

LAND with direct access to the SEA
Land well located in Atalaia, in Caniço, in a quiet area and with a wonderful view over the sea.

With an area of 8510m2, ideal for the construction of luxury villas with access to the sea.

Ideal for 11 luxury lots to resell between 325,000 and 375,000.
Or 1,950,000 with a house ready, with 50% now and remaining after completion.

Examples of costs:
Houses with 250m2
2.500/m2 cost price. 625,000 each house.
Approximate cost for developer of 950,000 for each luxury villa with the land already included.

That will give approximately 4,575,000, of which about 3,000,000 for the acquisition of land, plus 75,000 for the project and licenses. An additional 1,500,000 to start the work with 80% +/- financing

Now with this foundation, it will be easy to realize the potential of the investment.
Anything above 950,000 for each house is profit, already considering a cost for construction of 2,500/m2 which is an excellent margin and luxury quality!

With private access to the sea, salt pools, living and coworking areas, 24/7 assistance behind net or telephone, tennis court, mini golf, multisport field, reading room, cigar room, etc, etc (1,000m2 of common areas on the cliff (terraced, integrated into the mountain).

We can develop the entire project together in the studio. To do this, talk to the person in charge of this land, Arq. Ricardo Silva 

Don't miss this opportunity.

, photos or visits to one of our real estate agencies:
-Largo Chafariz 14-A (Santander front), Funchal, Telf. 291 214 140
Hours: Monday to Friday from 9:30 a.m. to 1 p.m. and from 2 p.m. to 6:30 p.m.
-Estrada Monumental, Edf. Roda Mar, shop 241-B (front main entrance Forum, taxi square side), Tel 291 745 220
Hours: Monday to Friday from 9:30 a.m. to 1 p.m. and from 2 p.m. to 6:30 p.m.
- Rua Dr. Fernão Ornelas nº43 (frente Bpi), Funchal. Phone. 291 225 396
Hours: Monday to Friday from 9:30 a.m. to 1 p.m. and from 2 p.m. to 6 p.m.

+12,500 people have already said Yes to PrediFunchal, their real estate agency since 1985.