Engel & Völkers
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Investment Opportunity in Santa Bárbara de Nexe – 5.500m2 construction Area

€1,200,000
  • 12,000 m² Plot surface

Description

Discover an excellent investment opportunity in Santa Bárbara de Nexe, Faro, with a vast 12,000 m² plot. This property consists of a mixed-use building with six urban units, including four residential units and two industrial/storage units, offering a prime location just minutes from the capital of the Algarve. According to the PDM (Municipal Master Plan) of the Faro City Council, it is possible to build approximately 5,500 m² on this property. The plot can be subdivided, allowing for the construction of up to four single-family homes if divided into two lots. Alternatively, if subdivided, there is a significant portion of land that could be used for a rural tourism project, making it a versatile investment opportunity. This property has great potential for residential development or tourism projects. Whether you are looking to create a new housing development or develop a rural tourism project, the Faro area offers substantial growth opportunities. The land's location, just minutes from Faro, makes it an attractive option for future buyers or tourists looking to enjoy the best of the Algarve’s natural beauty. For more information or to schedule a viewing, please contact the team at Engel & Völkers Faro-Tavira. We are ready to assist you in realizing your next successful real estate investment in Algarve!

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Engel & Völkers Faro - Tavira

Your advisor: Marta Jesus

Property ID: W-02X5N6

Property details

Object type

Site

Plot surface

12,000 m²

Location: Santa Bárbara de Nexe, Faro District

Discover Santa Bárbara de Nexe: Your Gateway to Algarve Luxury Living. Located in a serene residential area of Santa Bárbara de Nexe, this villa offers access to a variety of amenities. From supermarkets to nice cafes, markets, and restaurants, everything is just a leisurely stroll away. Santa Bárbara is conveniently located only 10 minutes from the airport, ensuring effortless connectivity. Immerse yourself in modern comforts with the nearby Mar Shopping Center featuring a Designer Outlet and Ikea. Then, escape to the breathtaking beaches or tee off at the prestigious golf courses of Quinta do Lago. Do not miss this unique opportunity to live in the beautiful Algarve!

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Land & Lots for sale in Faro District

Your shop

Engel & Völkers Faro - Tavira

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Provider:

João Agualusa & Elisa Ferreira, Lda

License partner of Engel & Völkers Residential GmbH

Commission details

The Amounts related to outstanding fees of any kind, as well as registration costs for leases, must be paid by the owner. The mediator commission must be paid by the owner, as stipulated by the Portuguese law. Property availability upon agreement. This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot guarantee that it is accurate or complete at any time, therefore it cannot be relied to us any responsibility regarding that. This offer is subject to errors, omissions, price changes or withdrawal without notice, and it cannot be relied to us any responsibility for that.

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