An Almancil investment site with an approved scheme for 15 semi-detached pool villas is available from the private owner through the listing agency. The property is marketed under reference VM1981 at an asking price of €4,000,000. It consists of two plots with a combined area of 6,467m². The approved project is included, but the cost of constructing the villas is excluded. The planned development has an estimated construction area of 3,233.50m². Each proposed residence includes a pool together with ground-floor, first-floor, rooftop and basement levels. This makes the opportunity relevant to developers, funds and investors seeking a larger Algarve residential project. The site is in Almancil, within approximately 5km of Quinta do Lago. The nearest beach is around 8km away. A golf course is approximately 11km from the property. The sea is listed at about 5km. Faro Airport is approximately 14km away, offering convenient international access. Local amenities and town services are within the wider Almancil area. Mains water and drainage are available on the land. The plots also benefit from easy access. An existing ruin is included among the site amenities. Countryside views may enhance the appeal of the finished homes. The proposed villas could be positioned for private sales, second-home ownership or selected rental strategies. Rental income and ROI will depend on the final design, delivery costs, market demand and applicable regulations. Purchasers should review the planning documents, title information, construction assumptions and development timetable with their professional advisers. The location’s access to beaches, golf and the Golden Triangle creates a compelling basis for further feasibility work. Contact us now to identify the seller, review the available documentation and arrange a site visit.
• Plot Size 6.467m²
• Construction Area 3.233,50m²
• The price includes the plot and the approved project but not the construction of the building
• 15 Semi-Detached Houses in the elaboration (Construction) phase
• Mains Water and Drainage
• Close to Town and Amenities
• Distance to Beach 8km
These two plots are in a prime location, minutes from the Golden Triangle.
The project consists of 15 semi-detached houses. Each villa will consist of ground floor, 1st floor, rooftop, basement and pool.
• Distance to Sea – 5km
• Distance to Beach – 8km
• Distance to Nearest Golf – 11km
• Distance from Airport – 14km
• Distance to Nearest School – 13km
• Distance to Nearest Town – 5km (Quinta Do Lago)
