The insolvency of a Real Estate Fund puts land for construction, located in Óbidos, up for Electronic Auction. Bids can be made until May 27, 2024, at 6:00 pm here.

There are 6 Lots for Construction, including 20 plots with construction potential. Therefore, the 6 Lots can be bid individually starting from 132,600.00 €. The overall valuation is 7,813,200.00 €.

The sale results from the insolvency of Costa Atlântica – Fundo Especial de Investimento Imobiliário SA (8511/18.5T8LSB). LEILOSOC® is the appointed auction establishment for the liquidation process.

The properties are located in the parish of Vau, overlooking the Óbidos Lagoon. Therefore, their strategic position on the Silver Coast is noteworthy. As a result, they are within a proximity of less than 5 minutes from the Bom Sucesso and Lapinha Beaches.

Thus, the Real Estate Fund lands possess the following characteristics:

  • Lot 1 has a Total Area of 12,500.00 sqm. and allows for the construction of an eco-resort. It is located in the quietest area, very close to the Lagoon.

  • For Lot 2, there is a study with favorable appraisal from the Óbidos Municipal Council. This includes the construction of 33 Villas (up to 2 floors and with a minimum area of 350.00 sqm.). The Construction Lot has a Total Area of 27,030.00 sqm..

  • Lot 3 has a Total Area of 1,536.00 sqm. To highlight the panoramic view of the Foz do Arelho and the River.

  • Lot 4 has a project with a positive report from the Óbidos Municipal Council. The project has planned the construction of 34 Villas (up to 2 floors, with a minimum area of 350.00 sqm.). These lands are located in the most privileged area of Bom Sucesso. Positioned on the south bank of the Foz do Arelho, the lands are about 40 meters above sea level. Thus, they have a view over the Lagoon, Foz do Arelho and Sea.

  • Lots 5 and 6 are part of a residential development and correspond to 2 Lots for Villas Construction. They have Total Areas of 1,003.00 sqm. and 850.00 sqm., respectively.

Location of the Plots of Land for Construction · Óbidos
Location of the Plots of Land for Construction · Óbidos

Moreover, the properties benefit from exemption from Municipal Tax on Onerous Property Transfers (IMT) and Stamp Duty. This tax benefit is granted under Article 270, paragraphs 1 and 2, of the Insolvency and Corporate Recovery Code (CIRE).

The real estate assets presented at Auction represent an investment with enormous potential, given their unique location. This is likely the largest unexplored stretch of coastline in the country. Located on the Atlantic Coast, it has an excellent setting in the natural environment. Additionally, it has a range of services associated with the residences (touristic or residential).

Find out more: Invest in the Silver Coast. Why?

The lands are located next to the Óbidos Lagoon
The lands are located next to the Óbidos Lagoon

Finally, these lands are ideal for the construction of various luxury tourist-residential developments. They are integrated into an area with associated golf courses, which are the main attraction for tourists and residents.

Find out more: Demand for Land in Portugal Increases by 24% in the last 3 Months

The catalog with all assets can be consulted here.

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Article by Cloe Mattos by LEILOSOC® dated May 08th 2024