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Location Floorplan
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Almancil, Algarve, Portugal, 8135, Portugal

€3,500,000

Key features

  • Land

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Ref no: INT220169

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Sale | Plot of land for construction | 6467 sq.m - Excellent investment opportunity to invest in a residential area in the Algarve and very close to major urban centres.
Sale | Plot of land for construction | 6467 sq.m

Fantastic land consisting of 2 lots with a total area of 6467 sq.m, located south of Almancil and 3 minutes from Quinta do Lago.

The land with an approved project for the construction of 15 townhouses approved by Loulé City Council for a total construction area of 3233.50 sq.m, in addition to the basement areas, accessible roof terrace and swimming pool. It has the possibility of building 30 apartments, apartments or townhouses with two floors plus basement, being an excellent investment option for the construction of a condominium south of Almancil.

In addition, the plots of land also enjoy good sun exposure, good access and have water, sewage, electricity.

This is an excellent investment opportunity in a residential area in the Algarve and very close to major urban centres.

Location

Location:

Almancil, near Vale do Lobo and Quinta do Lago – municipality of Loulé.
Almancil is just a 15-minute drive from Faro airport and is known for its proximity to two of the most exclusive resorts in the Algarve. Vale do Lobo and Quinta do Lago are located just 10 km from the town of Almancil and are well established developments offering luxury accommodation, luxury dining and most of all, both resorts are a golfer's paradise.

15 minutes from Faro airport and 2 hours from Lisbon. 1 hour from the beaches of the Alentejo coast.

Floor plan

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Stamp duty calculator

£

Total stamp duty

43,750 £

Please note: These estimates are provided as illustrative figures for guidance only and cover only England and Northern Ireland. Cluttons is not authorised to give financial advice; the above calculator is not intended to be financial advice and should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.

Mortgage calculator

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Monthly repayments

39,924 £

These results are for a repayment mortgage and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.