Faro, Portugal
For Sale
€8,500,000
3 Hectare Building Plot In Faro City Algarve is a large plot comprising 9 individual lots with a total of 31,170m2 located near the Fórum Algarve Shopping Center. There is a construction index of 60% meaning it is possible to build up to 18,702m2. The land benefits from an already approved subdivision project by the Municipal Council of Faro for the construction of 157 residential units, including a mix of apartments and retail spaces. The property is easily accessible with well-maintained asphalt roads and it boasts fully developed infrastructure, including water, electricity and sewage connections.
Plot:
– 31,170m2
Build area:
– up to 18,702m2
Faro is a Portuguese city and capital of the Algarve sub-region, belonging to the region with the same name. It has an attractive marina, well-maintained parks and plazas, and a picturesque old town ringed by medieval walls. The Arco da Vila gives access to the old part of the city, known as the “village inside”. Inside is the 11th-century Arab Gate, the oldest horseshoe arch in the country, which was the entrance to the walls for those arriving by sea. The municipality of Faro is delimited to the south by the Ria Formosa, by a dune cord, forming 3 main islands and islets, and by the Atlantic Ocean. The narrow tongue of fine golden sand, punctually interrupted by the connections between the sea and the Ria, called Barras, form the 3 main islands: Ilha da Culatra and Farol, Ilha Deserta and Faro Island. Faro Airport is located within a 15-minute drive from the city and the Forum Algarve Shopping Centre is at the entrance of the city.
Owning a home is a keystone of wealth… both financial affluence and emotional security.
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