Ilha do Pico, Azores

Investment Opportunity: Land with Approved Project for Local Accommodation Madalena, Pico IslandThis 6776 square meter plot of land offers an unmissable opportunity for those who want to invest in the growing local accommodation sector on Pico Island. With a fully approved project for the construction of five houses, each with 60 square meters, this development is ready to be developed, providing its future owners with a unique chance to create a sustainable and highly profitable tourism business.Located just a 1-minute walk from the UNESCO Intangible Heritage site, the site allows guests to enjoy a natural and authentic environment. From the future housing units, visitors will be able to explore the unique landscape that the land has in front, immersing themselves in the serenity and beauty that characterizes Pico Island. This prime location attracts tourists seeking a peaceful getaway with close proximity to several natural and cultural attractions.A 5-minute walk away is the iconic Moinho do Frade, one of the most photographed spots on the island and a must-see tourist attraction. For sea lovers, the natural pools of Laja das Rosas are just a 15-minute walk away, providing a unique swimming experience in crystal clear waters surrounded by volcanic formations.In addition, the land is just a 15-minute drive from Pico Island's airport, offering easy access for those arriving on the island. The center of Vila da Madalena, the main entry and exit point of the island with its services and amenities, is just 6 minutes away, making the development even more convenient for future guests.The strategic location between Vila da Madalena and the historic Vila Baleeira das Lajes do Pico, which is 30 minutes away, makes this development an excellent base for exploring the island's main attractions, including the Pico mountain, hiking trails and wine areas, famous for their unique beauty and historical importance.This project offers extraordinary potential for those who want to capitalize on the growing tourist demand of Pico Island. With the approved project, the five 60-square-meter houses can be transformed into modern and comfortable local accommodation units, meeting the demand for authentic and unforgettable experiences that tourists are looking for when visiting the Azores Islands.Whether for those who want to directly manage the development or invest in a property with great potential for financial return, this land in Madalena is a right choice.#ref: 76492