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Listing ID: 2982719

816 - TOURIST AND RESIDENTIAL DEVELOPMENT South Western Algarve, Parish of Bensafrim For Sale

Agualva-Cacém, Portugal

€ 10

(Real Estate Included)

Revenue: € under 100k

Cash Flow: € 0 to 100k

Business Description

This beautiful property of 165 ha is located on a promontory and green hills in the peaceful parish of Bensafrim, surrounded by an unspoiled scenery, in the south western corner of the Algarve, Portugal. It is only 7km north of the charming and lively historical town of Lagos, on the coast.

The center of Lagos is 10km away, Portimão 24km and Lisbon 300 km by the EN 125 that allows connection to Viado Infante (A22), IC1 and A2. Airport: Faro International Airport at 60minutes, depending on the traffic. Train: Train station in Albufeira, Ferreiras, 10Km away. Roads: EN125, Viado Infante (A22) and IC1. Bus: Eva Transportes and Frota Azulexplore different bus routes with stops in the near surroundings.

Land Areas: The existing property has an area of 165 hectares. Part is protected by the National Ecological Reserve, allowing uses related to agriculture and forestry. Under a municipal building license of 1967, hence expired, the original owners of the property sold 107 plots of land on which 53 villas were built. According to official records of 1984, the area of the property was 192ha (including plots that the original owners had promised to sell). After deducting the area of plots sold and areas ceded for the construction of motorway A22 and for water infrastructures, 165 hectares remain.

The property will be valued based on the area of land as well as the area of construction to be determined as viable.

Looking to do a Joint Venture.

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