Social Security Selling Land in Setúbal for More than €1.5M

11 June 2018

The properties located at 172 and 174 Estrada da Graça in Setúbal are part of Social Security’s real estate assets and have been placed on sale for 1.5 million euros.

According to the Social Security website, the deadline for tenders for the purchase of the land is June 27, however, so far, no tenders have been submitted.

Located next to the neighbourhood of Vila Maria, the property is close to the Port of Setúbal and the historical centre where several factories previously operated. The properties are classified Setúbal’s PDM (Municipal Master Plan) under “Urban Spaces – Consolidated Areas – Urban Housing Networks.”

With a total area of 14,600 m2, the property has a building area of 7,300 m2 with the possibility of increasing that up to 21,900 m2.

Original Story: Construir

Translation: Richard Turner