House Faro (Portugal)by portugal sotheby’s international realty

Backto the list : house for Sale at Faro

HouseFaro (Portugal)
Price :
$19,535,300
land4.5 ha

Discover the potential of this promising land located within the area covered by the Lejana Detailed Plan, in Faro. With precise delimitation on the implementation plan, it spans approximately 41.84 hectares, offering a multitude of possibilities for occupation and use. This land is in compliance with all the guidelines of the Lejana Detailed Plan and has been duly approved and published in the Official Gazette. This ensures legal security and peace of mind for future developments in this privileged location. It presents an excellent opportunity for the construction of 20 habitation apartment blocks with 8 and 6 floors, totaling an incredible 568 units. The variety of sizes and configurations allows for meeting the different needs and preferences of potential residents. In addition to the residential blocks, the land also includes a block designated for a tourist development. This building can be converted into housing, offering flexibility and adaptability to future owners. With approximately square meters of implementation area, 8 floors, and 130 units, this tourist development is an excellent investment opportunity. The area covered by the Lejana Detailed Plan is strategic and has great potential for appreciation. The enhancement of the entrances to the city of Faro and the optimization of public space are factors that drive attractiveness and development in the area.

Advertiser reference : 7Q5TG6Le Figaro Properties reference : 65789718

In detail

House Faro (Portugal)

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Algarve, Vilamoura, Quinta Lago, Vale lobo Av Marina, Vila Lusa, Loja 58125-401 Quarteira (Portugal) All the listings of this agency

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Faro (Portugal)

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