The asking price to buy this 4,530 m² development site in Almancil near Quinta do Lago is €1,500,000. The land offers the possibility of 70% construction capacity for a residential or commercial project. Quinta do Lago and Vale do Lobo are approximately 5 km from the site, adding strong lifestyle and investment appeal. Buyers should also budget separately for acquisition taxes, professional fees, planning, design, construction and infrastructure works. The plot is located around 1 km from Almancil town. It benefits from easy access and tarmac roads. Public water and drainage are available. Flat land and good soil conditions are described as ready for building upon. The available area could accommodate a large villa or a commercial outlet, subject to confirmation of the applicable planning framework. Almancil offers nearby schools, shops and services for residents and businesses. The nearest school is approximately 1 km away. The nearest beach is around 8 km from the development site. Faro Airport is about 11 km away. Owners and visitors can reach the golf, dining and leisure facilities of Quinta do Lago and Vale do Lobo with relative ease. Countryside and town views provide flexibility when considering the future layout. Outdoor parking is listed among the property specifications. The site may appeal to developers seeking a sizeable Algarve project or private purchasers planning a substantial residence. Rental potential, resale value and return on investment will depend on the final approved scheme and the wider property market. Independent legal, planning and financial advice is recommended before making an offer. Contact us now to review the purchase budget and arrange a visit to this Almancil development opportunity.
- Area 4530m2
- Investment opportunity
- Easy access
- Close to beach and amenities
This plot is located in the town of Almancil, just 5km to exquisite areas of Quinta do Lago and Vale do Lobo.
The plot has an area of 4530m² with possibility of 70% construction capacity. There is access to public water and drainage, it is on flat land and good soil meaning it is ready for building upon. It also has great access roads and the finished project depending on what you build will be a large villa or commercial outlet close to all the amenities of Almancil including schools and golf courses.
Location
Distance to Beach: 8km
Distance to Airport: 11km
Distance to nearest town (Almancil): 1km
Distance to School: 1km
