Portimão (Algarve), Faro (Algarve) 8500-155, Portugal

GREAT OPPORTUNITYWe present this excellent rustic land with a total area of 36.800 m², located within the urban perimeter of the charming Algarve village of Mexilhoeira Grande.This plot offers a unique combination of proximity to the cities of Portimão and Lagos, and their beautiful beaches, while being surrounded by a peaceful and serene rural environment.A project is currently in its final approval phase, submitted to the Portimão City Hall (CMP) as a Preliminary Information Request (PIP). The expectation is that the approval will be finalized in the short term, before the end of 2024.The project plans for the creation of 24 lots for the construction of detached houses, with the following features:Plot Areas: Ranging from 392 m² to 1,263 m².House Construction: Can be built with 1 or 2 floors, plus a basement for parking.Footprint Area: Ranging from 130 m² to 220 m², depending on the lot size.Gross Construction Area: Ranging from 260 m² to 300 m², according to the size of the lot.Parking: Each house will have 2 parking spaces within the lot.Types of Houses: Ranging from 2-bedroom (T2) to 5-bedroom (T5) houses.It is important to note that the areas, indices, and features of the development presented here may be subject to changes during the PIP approval process by the CMP (though, given the advanced stage of approval, no changes are expected in the number and areas of houses and lots). The subdivision project can still be adapted or customized according to the buyer's needs and preferences.This is a unique opportunity for investors looking to develop a residential project in a prime Algarve location.Don't miss this great opportunity!Call now to schedule a meeting.Additional Key Information:Porto Mar - Marina de Lagos - 9.1 kmRailway Station - Mexilhoeira Grande Train Station - 2.1 kmCity of Lagos - 9.5 kmCity of Portimão - 11.1 kmAlvor Beach - 11.9 kmMeia Praia Beach in Lagos - 8.8 kmFaro Airport - 77.5 kmA22 Highway - Via do Infante de Sagres - 3.1 kmPenina Hotel & Golf Resort Golf Course - 4.2 kmAqua Portimão Shopping Center - 11.2 kmPortimão Hospital - 10.3 kmSeize this great opportunity and make an excellent real estate investment.Call now to learn more!