House and land for restoration. Excellent opportunity near the lighthouse, sold separately or together. Ponta do Pargo, Calheta Ref. M239
           
   
  Land: 2550m2 Construction Area: ---m2 Price: € 110,000  
Location
  Ponta do Pargo is a diamond-shape territory on the western edge of the island Madeira. From its high-altitude cliffs it extends into the interior along escarpments cut by several river valleys to the Serra do Paul. The northwest to southwest border fronts the Atlantic Ocean. The cliff-top bluffs reach a height of 392 metres above sea level, while its interior extent reaches an altitude of just over 1321 metres. The most westerly point has the lighthouse.
The Property
 

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.

The Cottage:

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.

The Land:

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.

 
 
 

 

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