Faro, Algarve, Portugal

Ref. AG571

Plot area - 23.400 m2

Land with Construction Feasibility in Conceição de Faro

Plot of land for sale with a total area of 23,400 m², located in Sítio do Outeiro, in the parish of Conceição de Faro. The property has an approved PIP (Preliminary Information Request) for the construction of 29 semi-detached three-bedroom villas (T3), each with a basement garage, attic, and private swimming pool. The land also includes a registered water borehole, ideal for garden irrigation and pool supply.

It is conveniently located just 12 minutes from Faro International Airport and the University of Algarve, and 10 minutes from Faro city centre and the Via do Infante (A22 motorway), offering excellent accessibility. Public utilities such as water, sewage, and electricity are already available.

The project offers great versatility, with potential for a gated community, senior residence, geriatric unit, student housing, or a mixed-use development combining residential, commercial, and service areas. The subdivision licensing process has already been submitted to the Faro City Council, with approval expected within 3 to 6 months.

FARO - Faro is a historic and culturally rich city that boasts a variety of fascinating tourist attractions. Sadly, Faro is often overlooked, considered purely for its airport, but spend time in Faro, and you will discover a charming and authentic Portuguese city.
The delightful historic centre (the Cidade Velha) of Faro is encircled by ancient city walls and contains a Gothic cathedral, the Paço Episcopal palace and pretty cobbled backstreets. Outside of the city wall is a modern city centre, with pedestrianised shopping streets, scenic plazas and a variety of restaurants and bars.
South of Faro is the Parque Natural da Ria Formosa, a series of saltwater lagoons and mudflats, which are a haven for migratory birds and wildlife. Along the seaward side of the Ria Formosa are three sandbar islands, and these are the location of Faro's pristine beaches.
Faro is a likeable city, and will appeal to a wide selection of visitors.


ABOUT US:
Golden Tree Real Estate Agency is managed by Ana Paula Marques, owner and CEO of the company, founded in 2000. Ana Paula Marques graduated in Switzerland, in Hotel & Tourism Management. She then embraces an exciting working experience in countries such as Switzerland, Germany, Singapore, Malaysia, Hong Kong and Macau before coming back in 1993 for Forte Hotels and later for Vale do Lobo Resort, as Head of Tourism Operations. Property consultant expert with more than 24 years' experience, Ana Paula will help you to find the right investment in the sunny Algarve.

Golden Tree Real Estate Agency is situated in the Palm Avenue between Vale do Lobo and Quinta do Lago luxury resorts, a privileged location in the central Algarve, better known as the Golden Triangle.

We offer a wide range of Newly Built or Resale Properties, from Luxury Villas and Holiday Apartments in Prime Locations.

Our specialised team guides and assists clients through the process of purchasing or selling property, and provides any necessary after-sales help.