TOURIST AND RESIDENTIAL DEVELOPMENT
Overlooking the sea and the marina of Albufeira
This property is located within the urban perimeter of the town of Albufeira-the main pole of tourist attraction in the Algarve-only 45Km away from the international airport of Faro. It lies on a slope facing the Marina, also offering magnificent views of the ocean towards the East. This excellent location enables a quality development.
The existing master plan, approved in 2008, allows the construction of 181 apartments in 2-storey villas - in addition to a reception, restaurant, bars, convenience store, swimming pools, other leisure and sports facilities, and gardens. The new Urbanization Plan of the Town of Albufeira, inforce since October 2017, has eased some constraints regarding construction areas and number of storeys allowed. Albufeira's white-sand beach is only a few minutes’ walk away. The rocky cliffs towards the West are also beautiful. With about 30kilometers of coast, the municipality of Albufeira was presented with some of the most beautiful beaches in the World.
AREAS ASKING PRICE
Total land area 122.810 m2 41.300.000,00 €
Construction area plot West 27.000 m2 18.900.000,00 €
Construction area plot East 32.000 m2 22.400.000,00 €
It is about 5km from the center of Albufeira, 48km from Faro by the Viado Infante (A22) and 260km from Lisbon by the A2. Airport: The access time to Faro International Airport by car is estimated at about 40 minutes. Train connection from Lisbon to Albufeira at about 2.5hours. Bus: Eva Transports and Frota Azul explore several bus routes with stops in the near surroundings.