Ribeira Grande, Azores

Welcome to an exceptional investment opportunity in the heart of Vila de Rabo de Peixe, an area rich in history and economic potential. This unique 1100 (m) property offers a remarkable combination of features.Land with 1100 (m), with a maximum footprint of 660 (m), and a gross construction area of 1650 (m), which for investment has a minimum feasibility of building 12 apartments with an average area of 120 (m), or opt for another solution of detaching the land in two and building two independent properties where the existing construction serves different purposes, such as garages for the two houses.With a total area of 1100 (m), this location is a gold mine for investors looking for business diversification or expansion, namely the construction of apartments or even for two families who want to live close to each other, they can detach in two equal shares of the land and each build their own chalet.In addition to the commercial aspects, which I already mentioned in the previous paragraph, this property offers the convenience of two spacious houses and the existing buildings can, for example, transform them into two garages or even be profitable with the development of accommodation projects, or rural tourism. .Strategic Location and Development Potential.Located in Rabo de Peixe, a prosperous and easily accessible community, this property has a strategic location to serve both the local market and the growing tourism in the region. Furthermore, the area has great potential for future developments, such as the construction of apartments or similar developments, taking advantage of the growing demand for housing in Vila de Rabo de Peixe, or other locations on So Miguel Island.This is a unique opportunity for investors who want to capitalize on multiple sectors, with an eye on the future. Don't miss the opportunity to explore this versatile and potentially profitable property. Contact us at Century 21 Azor for more information and to schedule a visit.