Sale of land - plot with sea view - ponta garça, vila franca do campo, são miguel island, azores

URBAN LAND WITH SEA VIEW AND HIGH DEVELOPMENT POTENTIAL - PONTA GARÇA, VILA FRANCA DO CAMPO
Urban land for sale, with 1,555sqm of total area, located in the parish of Ponta Garça, municipality of Vila Franca do Campo, on the south coast of the island of São Miguel, Azores.

Benefiting from a panoramic view of the ocean, this property is an excellent opportunity for those who want to develop a single-family or multi-family housing project (AMPL A VILLA) or tourist in one of the most sought-after regions of the archipelago.

This land recently had an approved project for the construction of a building consisting of 21 apartments/studios, designed with a modern and functional concept, particularly aimed at a co-living development.

Important: This project is no longer in force, so any future construction will depend on the presentation of a new licensing process and its approval by the competent authorities. However, if there is interest, the current owners will be able to make available to the future buyer the technical elements of the project previously developed, allowing them to take advantage of the work already carried out as a basis for a new project, subject to the adaptations and approvals that may prove necessary.

The project provided:
Building consisting of 3 floors (semi-basement, Floor 0 and Floor 1);
Semi-basement intended for a large open space area, ideal for a co-working area (approximately 200sqm), garden area and garage with parking;
Floor 0 consisting of reception, circulation areas and 10 apartments/studios, with gross areas between 42sqm and 49sqm;
Floor 1 consisting of circulation areas and 11 apartments/studios, with areas between 48sqm and 49sqm.

Each flat/studio has been designed with a modern layout, integrating a large living and bedroom area in open space, kitchenette and full toilet.

One of the differentiating elements of the project was the creation of a swimming pool on the roof of the building, allowing you to enjoy a truly breathtaking view of the Atlantic Ocean and the south coast of the island of São Miguel.

The concept of co-living has been asserting itself internationally as an innovative solution to meet the needs of digital nomads, teleworking professionals, international students, young professionals and temporary residents who value modern, flexible spaces complemented by common areas for socialising and working.

The growing notoriety of the Azores as a destination of nature, sustainability and quality of life makes this type of development a particularly interesting option for investors looking to develop differentiating projects.

The land is located next to the centre of the parish of Ponta Garça, a quiet town that combines the proximity to the sea with the natural surroundings of the mountains, providing an environment of high quality of life.
Location allows you to achieve:
Vila Franca do Campo in about 10 minutes;
Ponta Delgada in approximately 30 minutes.

Depending on the project that is ultimately developed (subject to applicable urban planning feasibility), the investment may be directed toward, among other possibilities:

- A tourism development;
- Tourist accommodations;
- Housing for students or relocating professionals;
- Co-living project;
- Apartments for the residential market;
- Private condominium;
- Multifamily housing;
- Social support facilities, such as a Residential Facility for the Elderly (ERPI), etc.

Nearby are several services, shops, educational establishments, leisure areas and quick access to the main roads of the island.

São Miguel continues to assert itself as one of the main national and international tourist destinations, registering a consistent demand from visitors, investors and foreign citizens looking to reside or invest in the Azores.

If a tourism project is developed, the investment may, depending on the respective characteristics, the promoting entity and the legislation in force at the time of the application, meet the conditions to benefit from public incentives or investment support systems promoted by the Regional Government of the Azores (within the scope of programs co-financed by European funds).

Possible eligibility will always depend on the framework of the project, the existing support lines at the time and compliance with the respective legal and regulatory requirements.

Areas foreseen in the previously developed project
Total Land Area: 1,555sqm
Implantation Area: 641.25sqm
Gross Construction Area: 1,601.77sqm
Gross Private Area: 1,001.40sqm
Gross Common/Dependent Area: 600.37sqm
Uncovered Area: 913.75sqm

Notes
The images presented are merely illustrative and correspond to three-dimensional (3D) visualisations elaborated based on the project previously developed.

A rare opportunity for investors looking to develop a differentiating project in a privileged location on the island of São Miguel, taking advantage of the growing demand for quality housing and tourism solutions in the Azores.

Ponta Garça, Vila Franca do Campo, Ilha de São Miguel

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