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Great Investment Opportunity in Mexilhoeira Grande!

In Mexilhoeira Grande, Portimão

land for sale in portugal,investment opportunity,lands in western algarve,portugal property

  • 811 m2
162.000 €

Description

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Land for sale in Mexilhoeira Grande

A large plot of land for sale in Mexilhoeira Grande. Benefiting from a calm and peaceful location, it couldn’t be more well situated as it is just five minutes away from Lagos, ten minutes from the seaside resort of Alvor and just fifteen minutes from Portimão.


This land for sale in the western Algarve has a construction area of ​​792m2 plus a basement, which would make a great opportunity to design a building consisting of three floors, thus the construction of several apartments is possible.


If you are looking for an investment opportunity, this would be the ideal buy for you!


Portimão is the largest city in the Western Algarve, it was traditionally a centre for sardine fishing and processing, however, today most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city. 


Most tourists visit Portimão either for the extensive shopping or excellent public transport but there is a surprising amount to be seen within the city.


The city’s old and once bustling fishing docks have been remarkably transformed into a scenic promenade, leading to the quaint and tree-lined plazas of the old town. 


Further inland are pleasant pedestrian shopping streets, a series of historic buildings, and a tantalising selection of cafes, bars and restaurants.


Mortgage simulation:


Purchase Price - 162 000€                                Purchase Price - 162 000€
Deposit / Down Payment - 32 400€ (20%)         Deposit / Down Payment - 32 400€ (20%)
Finance Amount - 129 600€                              Finance Amount - 129 600€
Interest Rate - 0.873%                                    Interest Rate - 0.873%
Term / Period - 30 years / 360 months              Term / Period - 40 years / 480 months
Monthly Payments - 409.33€                            Monthly Payments - 319.98€

 
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Property Details

  • Reference IDH32079
  • Type Land
  • Certification Exempt
  • House area -
  • Land area 811 m2
  • Zone Mexilhoeira Grande
  • Region Faro
  • Features:
  • Village View
  • Country View
  • Country View
  • Central location
  • Walk to Amenities
  • Near Schools

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