Private Introduction · Portugal
Land in Faro (69281)
Plot in Faro — €2,500,000.
- Price
- From EUR 2.50M
Introduction
Land with 6,983 sqm, with approved project for the construction of 14 villas in Montenegro, in Faro, Algarve. The project entails the construction of 14 villas, each plot has between 238 sqm and 367 sqm, with an implantation area of 126 sqm and gross construction area of 243 sqm. Two floors above ground, 1 floor below ground (basement) for construction of a 243 sqm villa. These plots are located close to the airport and Faro beach, facing Ria Formosa. Montenegro is a parish of the municipality of Faro, where Faro Airport and the Gambelas Campus of Universidade do Algarve are located. At a distance of 4 km from Faro, and limited to the north by the parish of Almancil and to the south by the Atlantic ocean.
Why This Opportunity
Prime Faro location
Located in Faro, Faro, Portugal — a sought-after part of the market.
Priced at €2,500,000
On the market at €2,500,000.
Studio homes
Layout up to 3402 m².
~5% estimated gross yield
Estimated 6% annual capital growth for Faro (market-level estimate).
The Area
Where it is
Getting around
Faro Airport (FAO)
The Algarve's main international airport, on the edge of the city. [~7 km / 10 min]
A22 Via do Infante
Regional motorway linking Faro east and west across the Algarve. [~5 km / 10 min]
Faro Rail & Coach Hub
Regional rail terminus on the Linha do Algarve plus VAMUS and long-distance coaches. [In town]
Nearby
Cidade Velha (Old Town)
Walled medieval quarter with the Arco da Vila and the Sé cathedral. [In town]
Ria Formosa Natural Park
Protected lagoon of barrier islands, salt marsh and birdlife. [On the doorstep]
Praia de Faro
Long barrier-island beach on the Ilha de Faro. [~9 km / 15 min]
Marina de Faro
Waterfront marina and departure point for Ria Formosa boat tours. [In town]
Schools
Nobel Algarve British International School (Almancil)
English National and Portuguese curriculum, Cambridge/Edexcel exams, ages 3-18. [~13 km / 15 min]
Colégio Internacional de Vilamoura (CIV)
British/Cambridge and IB Diploma pathways, ages 3-18, Vilamoura. [~20 km / 25 min]
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