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Faro, Algarve, Portugal

€5,000,000
Finsolutia, Lisboa
PROPERTY TYPE

Flat

BEDROOMS

2

SIZE

53,949 sq ft

5,012 sq m

Key features

  • Central Location
  • Near the beach
  • Near the iconic Municipal Market

Description

Presenting an exclusive development opportunity in Faro's Market Place Algarve, a cosmopolitan city steeped in history dating back to the 8th century BC.

Nestled in the heart of the city, near the iconic Municipal Market, this exceptional development promises optimum comfort and convenience for its residents. With effortless access to essential amenities, the historic center, and the most prestigious private beaches, this forthcoming project will be highly coveted as a prime residential location.

Faro boasts an enchanting marina, well-manicured parks and plazas, and a picturesque cidade velha (old town) enclosed by medieval walls. The old town's charming labyrinthine streets, cobblestone pathways, squares, and architectural gems were meticulously reconstructed in diverse styles following historical adversities, including invasions and seismic events. Within this captivating setting, one can find museums, churches, a bone chapel, and inviting alfresco cafes.

The property is strategically positioned a mere 850 meters from the historic center and the monumental arch of the village, with the Porta Nova pier accessible within a leisurely 15-minute stroll. From there, boats transport visitors to barrier islands boasting golden sandy beaches, crystal-clear blue waters, and pleasantly mild temperatures. Situated at Largo Dr. Francisco Sá Carneiro, the most prestigious location in the city, this area underwent full rehabilitation 15 years ago. Portion L.02 of the currently enforced Detail Plan permits the construction of a building comprising up to 7 floors above ground and 2 underground levels. The envisioned structure can accommodate a maximum of 36 apartments, occupying an approximate footprint of 1,300 sqm, with 5,000 sqm of above-ground space and 2,600 sqm below ground.

The available plot comprises two buildings, poised to give rise to an utterly unique development in the region. The contemporary apartments will feature spacious balconies and private parking. Additionally, the project offers the potential to incorporate a variety of supplementary amenities, such as a spa, gymnasium, and swimming pool, enhancing the overall resident experience.

Ref: 210014

Faro, Algarve, Portugal

NEAREST AIRPORTS

Distances are straight line measurements
  • Faro(International)
    2.1 miles
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Advice on buying Portuguese property

Learn everything you need to know to successfully find and buy a property in Portugal.

About the agent

Finsolutia, Lisboa

Avenida Combatentes, 12 Piso, Lisboa, 1600-042, PORTUGAL

Finsolutia, Lisboa

Nolon is a European brand used in the commerce of all types of real estate (Residential and Non-Residential), owned by Finsolutia, S.A. - FS Capital Partners Group, one of the largest mortgage and real estate servicers on the Iberian Peninsula, with over 15 years' experience in mortgage and real estate management.

This connection is very important in the acquisition of an enormous diversity of properties, which, through a network of local business partners, makes it possible to assist c

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Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by Finsolutia, Lisboa (reference 210014) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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