Description
Land with mixed use zoning, situated in a prime location, consisting of 3 urban articles and 1 rustic.
There are existing old buildings on the property, one is habitable and the others could be renovated for rental income.
Situated close to shops and services, with excellent access to the main roads and only 10 minutes from the beaches along the Albufeira coastline. A very pleasant residential neighbourhood.
Council has verbally conveyed that the construction of 5 lots with three floors each, would be permitted, 2 floors above the ground level and one below, being a parking basement.
A total of 30 units.
Another option would be to renovate the existing buildings which would be a build area of 1660m2.
An interesting investment in a super location.
30 minutes from Faro airport
