The investment required for this sizeable buildable site near Quinta do Lago and Vale do Lobo is €1,500,000. In Almancil, the 4,530m² plot has indicated 70% construction capacity and may suit residential or commercial development. Serious buyers can investigate the opportunity as a large villa project or commercial scheme, subject to approvals. Quinta do Lago and Vale do Lobo are approximately 5km from the land. This places the site close to established golf, leisure and luxury coastal communities. Almancil town is approximately 1km away for convenient access to essential amenities. Schools are also around 1km from the property. The beach is approximately 8km away, while Faro Airport is about 11km distant. Flat land makes the plot suitable for studying a range of layouts and architectural approaches. Good soil conditions are reported in the property information. Public water and drainage connections are available at the site. Tarmac road access supports easier visits, deliveries and future construction activity. Outdoor parking could be included within an approved development design. A large villa may appeal to a private purchaser, second-home owner or resale investor. A commercial outlet could serve local residents, tourists and visitors to the nearby resorts. The surrounding town and countryside views offer flexibility when considering the character of a future project. Rental income may be possible if the completed development meets market demand and receives the necessary approvals. Any ROI calculation should account for land acquisition, construction, professional fees, taxes, finance and market conditions. Contact us to review the investment case, inspect the land and take the next step towards purchasing this Almancil site.
- 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
