Rustic Land for Sale, Faro, Faro (Algarve)

• 
• 
• 
• 
• 

Property details

• District
  Faro (Algarve)
• County
  Faro
• Locality
  Faro

• Area
  18672 m²
• Plot area
  31120 m²
  

• Price
  14.000.000 €
• Energy Rating
  Isento

• Property code
  CS-TER-92128

Would you like to know more about this property? Request more information or schedule a tour. No obligation!

Description

Urbanizable Land in Faro (Sé and São Pedro) - Cerro do Bruxo

We present this excellent plot of land located in the União das Freguesias de Faro (Sé and São Pedro), in Cerro do Bruxo, within a privileged residential area, surrounded by homes, schools, supermarkets, and with easy access to the airport.

The land comes with an approved project and Subdivision Operation accepted by the Faro City Council, fully aligned with the Municipal Master Plan (PDM). The PDM classifies the land as an urbanizable expansion area, under Article 61 of the PDM Regulations, reinforcing its potential for construction and urban development.

Key features:

Total area of 31,120 m², with 9 plots allowing for the construction of 157 housing units + shops;
The project includes public green spaces, infrastructure, leisure areas, and collective facilities such as swimming pools;
Building ratio of 60%, equivalent to 18,672 m² of buildable area;
Possibility of revising the project to increase the building ratio to 100%, reaching 31,120 m² of buildable area (to be confirmed with the new PDM).
This land is ideal for residential, commercial, service or restaurant projects, located in an area undergoing significant urban expansion. Its strategic location, close to shopping centers, hospitals, and the airport, offers an exceptional investment opportunity, with the potential to achieve high returns in the real estate sector.

Don't miss this chance to invest in one of the most promising areas of Faro!