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Mixed building (1 urban article and 2 rustic articles) with a total area of 22,640sqm (2.26 hectares), located in the parish of Nossa Senhora do Rosário, municipality of Lagoa (Azores), currently consisting of forest and construction in a state of ruin. The Urban Plot has 3,400sqm. Next to the said Urban Parcel has a Rustic Parcel 17,360sqm of total area and on the other side of the road / road there is another Parcel of Land (rustic article) with 1,880sqm located next to the Tecnoparque.

The land benefits from great location and access, next to the exit / entrance of the highway that connects the city of Lagoa to the municipalities of Ponta Delgada, Ribeira Grande and Vila Franca do Campo. It is also located a few meters from the International Hospital of the Azores (HIA), Tecnoparque da Lagoa, Nonagon, Continente hypermarket, Paladares da Quinta Restaurant, etc. It also benefits from easy access to water, electricity and communications infrastructures.

The mixed land (located to the right of the expressway, north-south direction) faces the street in an extension of approximately 110 linear meters, and 28 meters correspond to the façade of the urban part, which consists of a ruined construction (previously with 2 floors) whose registered implantation area was 69sqm.
The remaining front (82 meters) has constructive capacity, and given the orientation of the land to the south, the possible future constructions may benefit from great views over the sea and the city of Lagoa.

Taking into account the characteristics of the property (both in terms of areas and in terms of location), it is a great investment opportunity for the development of a housing project (housing subdivision or construction at height for example) or even a tourist development, taking advantage of the total area of the land (urban area and rustic area).

According to the PDM (Municipal Master Plan) of Lagoa (Azores), the land (located to the right of the expressway, north-south direction) is classified as follows:

Approximately 13,000sqm (southern part of the land) is part of an area classified as Urban > Urbanizable Land > Central Spaces > Level I (Vila de Lagoa);

Building regime present in the PDM regulation:
The following provisions shall apply to this subcategory of space:
(a) the maximum occupancy rate (Ii): 50%;
(b) the maximum utilisation index (Iu): 1;
c) Maximum number of floors is 3 (maximum façade height of 9.5m) for residential uses and 4 (maximum façade height of 15m) for services, public facilities, tourist developments, commercial and industrial structures compatible with urban land;
d) The typologies to be built should be the following:
i) In central spaces on urbanizable land, the typologies to be considered should be single-family, two-family or collective housing, commercial, service or mixed buildings;
ii) In residential spaces on urbanizable land, the typologies to be considered should be detached, semi-detached or banded single-family housing, commercial, service or mixed buildings;
e) The construction of non-residential annexes is permitted, provided that they do not occupy an area greater than 10% of the total area of the lot or building in which they are located, do not exceed 40sqm, nor a height of the façade exceeding 3,5 meters;
f) The installation of non-residential uses is allowed whenever they are compatible with the dwelling and provided that they have direct access to the public space and independent of the dwelling and are not incompatible with the available circulation and parking capacities and infrastructure networks;
g) The urban morphology to be defined, in particular with regard to the structure of the public space and the language of the buildings, must respect and enhance the morphology and surrounding urban image, safeguarding the areas of greater sensitivity, with definition of the road network, green spaces and to be allocated to equipment in accordance with the applicable legislation.

Remaining area, 7,760sqm (northern part of the land): it is part of the classified area of Rural Soil > Agricultural Production Spaces;

The plot of land (rustic article) with 1,880sqm, located next to Tencoparque/Hia/Nonagon, according to the online PDM of the municipality of Lagoa/Azores), is classified as:

Urban > Urbanizable Land > Central Spaces > Level I (Vila de Lagoa); Whose regime of edibility is referred to above.

Comments: The information contained herein related to the PDM analysis, including the amount of area that falls within each PDM category, should not be considered binding. Any claim for construction must be submitted for analysis by the Municipality of Lagoa (Azores).

Property Exempt from Energy Classification; /n

Nossa Senhora do Rosário, Lagoa (São Miguel), Ilha de São Miguel

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