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Property in Algarve, Block for Development in Villa Real Stº Antonio

Faro District, PortugalUnlock address

95%

€15.500.000

Land

#16504

Value-Add, Opportunistic

18 Apr 2024

Property Details

Authorized representative

For sale

12,500 m²

Freehold

Hospitality

36,500 m²

Housing and industrial use, with hotel or other equipment, commerce and services also allowed (6 and 8 floors).

The maximum gross build-ability area above ground fixed at 36.500 m2.

X

Fees

2.00 %

No Buyer Fees

0.60 %

1.00 %

0.40 %

Investment Overview

Property in Algarve, block for development. One block consisting in 12,000 m2 (1.2Ha), situated in the urban and industrial area of Vila Real de Stº António, in Algarve. Allowed housing and industrial use, with Hotel or other equipment, Commerce and Services. The heights oscillate between 6 and 8 floors. An independent Plot, with a rectangular shape, facing four different streets, with more then 120 meters front to main Avenue of the City, with views to Spain bordes, to the Guadiana River, the docks and to the marina, which is about 100 meters walking distance. 55 km from Faro International Airport, 290km from Lisbon, 150km from Seville and 650km from Madrid.