Excellent Investment Opportunity - 20 Hectares for Development

Excellent Investment Opportunity - 20 Hectares for Development1 / 9
2 / 9
3 / 9
4 / 9
5 / 9
6 / 9
7 / 9
8 / 9
9 / 9
Click to see bigger photos
  • Video Watch
  • Property typeLand
  • Sale € 6.000.000
  • StatusIn Project
  • CountyFaro
  • TownPortimão
  • Parish
    Portimão
  • LocationPortimão
  • REFFP-13213
-
-
-
-
-1
-
...
 

Description

Located in Vale da Ribeira, between Alvor and Lagos, this property represents a rare opportunity for developers and investors seeking a large-scale project in one of the most valued areas of the Algarve.
With a total area of 20 hectares and comprising 4 urban plots, the property is being sold as a whole, allowing for an integrated and structured development, with the possibility of phased construction.
Strategic Location
Between Penina and Lagos
• Just 5 minutes from the Via do Infante (A22)
• 12 minutes from Alvor
• 12 minutes from Lagos
• 15 minutes from Meia Praia
• Excellent access
• Partial sea views
A rapidly growing area combining tranquillity, proximity to beaches, golf courses and services, with excellent connections to the main road networks of the Algarve.
Development Potential
Infrastructure works have already been completed and delivered to the Municipality.
Plot 1
10,000 sqm of land
• 7,200 sqm of construction
Plot 2
46,450 sqm of land
• 7,000 sqm of construction
Plot 3
24,450 sqm of land
• 7,000 sqm of construction
Plot 4
13,150 sqm of land
• 4,500 sqm of construction
Total above-ground construction: 25,700 sqm
Maximum of 156 units
As the project consists of 4 urban plots, it allows for:
• Phased development
• Execution in distinct stages
• Adaptation to different concepts (residential, touristic or mixed-use - subject to legal framework)
• More efficient risk management through phased construction

Location

Portimão, Faro (Algarve)

Contacts

Formula Prime
AMI License: 9347
Website: formulaprime.pt
Address: Av. 5 de Outubro, 188 - 8135-103 Almancil
Telephone: 289 386 000 / 289 324 667