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€ 11,500,000

Development Land in Castro Marim, Distrito de Faro

€ 11,500,000
178,198 m²

Description

Fantastic mixed-use plot in Altura, adjacent to Praia Verde and overlooking the sea, with an area of 17ha (42 acres), and with PIP approved for a total construction area of 8,100sqm. The landscape surrounding this plot is absolutely breathtaking, as from the top of the hill you can see, to the south and west, Altura beach, the endless sea and the immense pine forest of Praia Verde and Praia do Cabeço, to the east, the marshland of the Castro Marim Nature Reserve and the Guadiana River, and, to the north, a view of the countryside and mountains. This plot consists of three independent plots, but they are bordered by each other, and all are over 5ha in size and feature urban ruins. These plots can also be sold separately. The first plot of land measures 63,808sqm (15.77 acres), has a covered urban area of 793.30sqm and an uncovered urban area of 30,406.69sqm. It has a PIP approved for the construction of a 2,000sqm rural hotel and a 500sqm agricultural warehouse. The second plot of land measures 51,000sqm (12.6 acres) and has a ruin with a covered area of 101.40sqm. It has a PIP approved for the construction of a 2,000sqm rural hotel, a 500sqm agricultural warehouse, and a 300sqm residential house. The third plot of land measures 63,390sqm (15.66 acres) and has a ruin with a covered area of 32.0sqm and an uncovered area of 288sqm. The PIP has been approved for the construction of a 2,000sqm rural hotel, a 500sqm agricultural warehouse, and a 300sqm residential home. In total, 6,000sqm is designated for the rural hotel, 1,000sqm for warehouses, and 600sqm for permanent housing. (PD-055612)

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Details

External size:
178,198 m²
Size:
178,198 m²
Reference:
PD-055612

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Position

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