REF ITA225 Over 200 hectares (500 acres) land
Pernambuco
Island of Itamaracá
R$ 4,340,000
(€ 1,670,851)
(£ 1,527,402)
($ 2,435,466)
9 separate parcels of land, totalling over 217 hectares (542 acres), on the island of Itamaraca.
Located near the road bridge leading on to the island, just off the main road to the old town of Vila Velha.
The land is undulating in parts with great views across to the mainland, but also much is level and suitable for building, subject to planning permission.
This property was inherited by several members of the same family, (each receiving one parcel), who have now all agreed to sell.
At an asking price of R$20,000 per hectare, or R$2 per square metre, this represents excellent value.
Some of the land is 'mata atlantica' (dense tropical forest), and nearly all of the waterfront is oyster mangroves, neither of which can be destroyed and are protected by law.
