This is truly an excellent investment opportunity for those wishing to rebuild a traditional Madeiran cottage and have land to spare.
It is located near the Ponta do Pargo lighthouse, a very popular site for all visitors, in high demand by holiday makers and locals seeking a weekend away.
According to the area's zoning, the properties are situated in an area classified as "Dispersed Construction Zone", meaning that it can be sub-divided into individual plots of at least 400m2 each, for the construction of various types of units, either detached or semi-detached. Obviously, a suitable project has to be presented for council approval.
There are actually two properties making up this offer, which can be sold as one deal or separately.
Is set on a 950m2 plot, with the possibility of restoring it as a holiday home or as a holiday letting unit. The individual price for this piece is €50,000.
Measures 1,600m2, well suited for the construction of bungalows for holiday lets, or of a larger villa with pool and all facilities. The individual price for this piece is €60,000.