Algarve, Faro, Portugal
- PROPERTY TYPE
Land
- SIZE
12,056 sq ft
1,120 sq m
Description
We present this excellent urban plot of 1120m², located in the prestigious Montenegro area of Faro, just a 10-minute walk from Faro Airport and a 5-minute drive from Faro Beach. This privileged location offers great upside potential for investors, real estate professionals or for private clients wishing to build their dream villa or apartment project.
Land features:
- Total area: 1120m²
- Entrance: Direct access from the street, with all the necessary infrastructure.
- Area: Inserted in an urban area of the PDM, in an area with strong potential for development.
Privileged location:
- Faro Airport: Just a 10-minute walk away, making this plot an excellent option for projects linked to tourism or mobility.
- Faro Beach: 5 minutes away by car, with easy access to the beaches and all the amenities of the city of Faro.
Zoning and Construction Potential:
This land is in the urban zone of Faro's Municipal Master Plan (PDM), with characteristics that make different types of projects possible, whether residential or commercial. The zone is defined as:
- Structuring Urbanization IB: With a maximum gross utilization index of 0.6, allowing the construction of denser projects, with a maximum density of 60 dwellings/ha.
- Expansion Urbanization IB: With a maximum gross use index of 0.4, allowing the construction of projects with a maximum density of 40 dwellings/ha.
The land also has a project approved for a single-family house in 2021, which has expired but can be renewed or adapted to new projects. For more information on the regulations, articles 48, 49 and 51 apply for structuring urban areas IB, and articles 59, 60 and 62 for expansion urbanization areas IB.
Advantages for Investors and Builders:
- Versatility of projects: Ideal for building single-family homes, apartments or even commercial projects such as a rental-car, with the possibility of submitting a new project to Faro Town Hall to check viability.
- Great potential for development: The strategic location and proximity to areas of high demand make this land an excellent opportunity for a successful project, both for construction and for profitability.
Don't miss the chance to invest in this plot of land with great potential for development and return. Get in touch for more information or to schedule a visit.
#ref: 136011
Algarve, Faro, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)2.0 miles
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Notes
This is a property advertisement provided and maintained by IAD, Porto (reference 136011) 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.