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Urbanizable Land in Faro (Sé and São Pedro)
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  • Property typeLand
  • Sale
    € 10.000.000
  • Area31120 m²
  • StatusIn Project
  • CountyFaro
  • TownFaro
  • Parish
    Faro (Sé e São Pedro)
  • REFPR-CS-TER-92128
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31120 m²
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Description

Urbanizable Land in Faro (Sé and São Pedro) - Cerro do Bruxo

We present this excellent plot of land located in the União das Freguesias de Faro (Sé and São Pedro), in Cerro do Bruxo, within a privileged residential area, surrounded by homes, schools, supermarkets, and with easy access to the airport.

The land comes with an approved project and Subdivision Operation accepted by the Faro City Council, fully aligned with the Municipal Master Plan (PDM). The PDM classifies the land as an urbanizable expansion area, under Article 61 of the PDM Regulations, reinforcing its potential for construction and urban development.

Key features:

Total area of 31,120sqm, with 9 plots allowing for the construction of 157 housing units + shops;
The project includes public green spaces, infrastructure, leisure areas, and collective facilities such as swimming pools;
Building ratio of 60%, equivalent to 18,672sqm of buildable area;
Possibility of revising the project to increase the building ratio to 100%, reaching 31,120sqm of buildable area (to be confirmed with the new PDM).
This land is ideal for residential, commercial, service or restaurant projects, located in an area undergoing significant urban expansion. Its strategic location, close to shopping centers, hospitals, and the airport, offers an exceptional investment opportunity, with the potential to achieve high returns in the real estate sector.

Don't miss this chance to invest in one of the most promising areas of Faro! /n

Location

União das Freguesias de Faro (Sé e São Pedro), Faro, Faro (Algarve)

Contacts

Portugal Prestige Properties
AMI License: 17215
Website: portugalprestigeproperties.com
Address: Rua Jacinto José de Andrade 127 - 8900-313 Vila Real de Santo António
Telephone: 281 544 123 / 918 774 036
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