Engel & VölkersEngel & Völkers
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Land of 4.54 ha to build 108,000 sqm

€18,000,000
  • ~45,400 m² Plot surface

Description

Land of 4.54 ha in Faro, with Detailed Plan that has already been published in the Diário da República. The land will have 4 types of utilities: A) Equipment (1 unit, 5 floors) B) Tourist development (1 unit, 10 floors) C) Housing/commerce/services (14 units with 8 floors each, 2 units with 10 floors each) D) Cost-controlled housing (3 units, 8 floors each) The total approved construction area is 108,000m2, of which 7,612m2 will be equipment, 20,348m2 for tourist development, 69,988m2 for housing/commerce/services and 10,932m2 for affordable housing. For more information, don't hesitate to contact us!
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Engel & Völkers Faro-Tavira

Your advisor: Orsolya Mercz

Property ID: W-02S01E

Property details
  • Object type

    Other

  • Plot surface

    ~45,400 m²

Location: Faro, Faro District

This land is close to the centre of Faro, where you can find all kinds of amenities and services, such as supermarkets, cafes, pastry shops, a market and schools. It is 10 minutes by car/boat from the beach. Private health services such as Hospital Lusíadas Faro or Clínica Particular do Algarve in Gambelas are less than 10 minutes away. Easy access to the A22 (Via do Infante) and about 10 minutes from Faro International Airport.

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