Description
Investment Opportunity in a Strategic Rehabilitation Project for the construction of 11 Residential Apartments: 6 x One Bedroom and 5 x Two Bedroom, 2 Commercial Spaces, Parking, and Storage Rooms in the old city center of Lagoa, within the ARU, Urban Rehabilitation Area, which benefits from tax incentives such as a VAT reduction to 6%, amongst others.
Lagoa is a strategic investment location where demand for this type of housing has outstripped supply. It is a dynamic city that has been undergoing significant development, and real estate values have been systematically increasing in recent years, with a good return on investment expected.
This rehabilitation project, already approved by the local city council, is located in the urban center of Lagoa, with all infrastructures nearby, such as schools, transport, healthcare facilities, shops, restaurants, bars, and easy access to various main and regional roads.
Lagoa is located 8 km from Portimao, a city with an urban structure that meets the needs of modern life. The coast is just 5 km away - Praia do Carvoeiro. You will also find beautiful unspoiled beaches like Praia da Marinha, with its EU Blue Flag, and picturesque fishing villages like Ferragudo, 8 km away along the scenic coastal road. Faro Airport 60 km away, is easily accessible via the A22 motorway.
For more details about this project, please contact us.
Energy Rating: Exempt
