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Unique opportunity on the picturesque island of Formentera
Presenting a unique opportunity on the picturesque island of Formentera, this expansive property for sale spans a vast 54,000 square meters, offering the potential for segregation into two distinct parts: one of 24,000 square meters and another of 30,000 square meters.
On the 24,000 square meter plot currently stands a main house and two annexes, totaling 300 square meters of built space. This property presents an exciting prospect for renovation and expansion, providing the possibility to create a larger, modern home on a spacious 24,000 square meter land.
Boasting sea views, the property holds a special allure, complemented by excellent island connectivity, ensuring convenient access to all the amenities and services Formentera has to offer.
The additional 30,000 square meter plot represents an opportunity to construct a single-family home, capitalizing on the expansive sea views and abundant space available. This plot holds the potential for crafting a personalized residence tailored to individual preferences.
In essence, this property on the island of Formentera presents an exceptional opportunity. With its generous 54,000 square meter plot, the option for segregation, the potential to build an additional single-family home, sea views, and excellent island connectivity, it offers the prospect of creating a spacious and modern home in an idyllic environment.
Moreover, this property carries significant investment potential, presenting a rare opportunity in Formentera. By renovating and expanding the existing house on its 24,000 square meter plot, it could achieve a value of 1.5 million upon completion. Simultaneously, the available 30,000 square meter plot, subject to approval from the public administration of Formentera, could be sold with a basic project, providing an attractive investment scenario.
Property Details:
- Municipalities: Formentera
- Locality: San Fernando
- Area: Formentera
- Bedrooms: 3
- Bathrooms: 1
- Land (m²): 54,000
- Built (m²): 300
- Inside (m²): 300