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Algarve, Faro, Portugal

€3,000,000
Portugal Sotheby's International Realty, Vilamoura
PROPERTY TYPE

Plot

SIZE

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Description

Situated within an area of outstanding natural beauty, the Ria Formosa Natural Park, this 4,672m2 plot is located close to a very quiet residential area with excellent access.

The perfect location with possibility to develop project for construction of a prestigious hotel with an approved implantation area of 2700m2 (58% of the total area). In total 11,193m3, 5 floors reflected in a mx 18m2 level, 109 rooms, 11 suites and 97 covered parking lots. This project allows alteration to an apartment complex or student residence. Or for the development of an adjacent residential area with a maximum of 40% of usable area and a maximum index of 0.6.

With a premium location, it is close to Faro city centre, Faro Beach, the airport and Faro University.

Algarve, Faro, Portugal

Approximate location

NEAREST AIRPORTS

Distances are straight line measurements
  • Faro(International)
    2.0 miles

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About Portugal Sotheby's International Realty, Vilamoura

Avenida da Marina, Edifício Vila Lusa, loja 5 e 6, lote 2 8125-401 Vilamoura

Artfully uniting extraordinary homes with extraordinary lives

Notes

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This is a property advertisement provided and maintained by Portugal Sotheby's International Realty, Vilamoura (reference 105220155) 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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