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Listing ID: 2982563

814 -TOURIST AND RESIDENTIAL DEVELOPMENT Overlooking the sea and the marina of Albufeira For Sale

Agualva-Cacém, Portugal

€ 41

Revenue: € under 100k

Cash Flow: € 0 to 100k

Business Description

This property is located within the urban perimeter of the town of Albufeira‐the main pole of tourist attraction in the Algarve‐only 45Km away from the international airport of Faro. It lies on a slope facing the Marina, also offering magnificent views of the ocean towards the East. This excellent location enables a quality development.
The existing master plan, approved in 2008, allows the construction of 181 apartments in 2‐storey villas ‐ in addition to a reception, restaurant, bars, convenience store, swimming pools, other leisure and sports facilities, and gardens.
The new Urbanization Plan of the Town of Albufeira, inforce since October 2017, has eased some constraints regarding construction areas and number of storeys allowed. Albufeira's white‐sand beach is only a few minutes’ walk away. The rocky cliffs towards the West are also beautiful. With about 30kilometers of coast, the municipality of Albufeira was presented with some of the most beautiful beaches in the World.

Property Details

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Real Estate Value:

€ 41

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