Investing in this €3.2 million development plot could give buyers access to a 7,252 m² commercial site just 1 km from Almancil and approximately 8 km from the beach. The property is positioned in the Central Algarve and has a planning request submitted for a substantial commercial project. The proposed scheme includes a 1,450 m² warehouse or commercial building, a 1,954 m² basement and the potential for a padel tennis complex. Its scale and proposed uses create a flexible platform for developers, business owners and leisure operators. Almancil offers local shops, services, restaurants and community facilities within close reach. Faro Airport is approximately 11 km away, helping connect the site with international markets and visitors. The nearby coastline provides access to Algarve beaches, resorts and tourism activity. A school around 1 km away adds to the convenience of the surrounding location. The warehouse component could support owner occupation, commercial letting, storage, distribution or trade-related activities, subject to licensing. The basement may provide additional room for parking, storage, plant and operational functions. Padel facilities could diversify the project with memberships, court hire, coaching, events and hospitality opportunities. The proposed support building of up to 450 m² may accommodate essential leisure-related functions, subject to final approval. Tarmac access is already indicated for the plot, which is useful for future construction and day-to-day operations. Countryside and hill views may help create an appealing environment for staff, customers and visitors. The site could potentially be developed in phases, subject to the approved plans, funding and construction strategy. Investors should prepare detailed financial projections covering acquisition, design, licensing, construction, finance and ongoing management. Rental potential and ROI may be attractive depending on local demand, final specification and the chosen business model, but no returns are guaranteed. Project approval remains pending with the Municipality of Loulé, so professional due diligence is required. Property documents include architectural, cadastral, accessibility and planning-related information for assessment. Contact us today to discuss this €3.2 million Algarve development opportunity and arrange a viewing.
This plot presents a unique investment opportunity, positioned within a thriving region known for its growth and potential. Whether you are looking to develop a new business or expand your current interests, this location provides an excellent foundation for success.
Located close to Almancil, a planning request has been submitted to the C. M. de Loulé for licensing approval of a building (warehouse / commercial) with an area of 1450m2 + 1954m2 of basement, as well as the possibility of building a paddle tennis court complex (with a building of up to 450m2 to support it).
Location
Distance to Beach: 8km
Distance to Airport: 11km
Distance to nearest town (Almancil): 1km
Distance to School: 1km
