Land in Faro

€ 750,000 For Sale

R202401

Faro

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Description

Situated in Montenegro, Faro, this land offers a solid investment opportunity. Located in an urbanizable area of expansion, according to the PDM of Faro, it stands out for its constructive versatility. With the possibility to build up to 40% of the land area (equivalent to 1200 m2) and a maximum gross utilization rate of 60%, the land is suitable for up to 11 housing units.
The infrastructure is complete, with a water, sanitation, electricity and fiber optic network already available on site. Its flat topography and easy access by paved road are good points.
The strategic location is one of the main attractions, combined with a sale value below the market average, ensuring a potential return on investment. The proximity to the airport, public transport, university, Gambelas hospital, commerce, services and easy access to the centre of Faro are key elements.
In addition, the tranquility of the environment, the proximity to Faro Island and Beach, and the centrality in the Algarve contribute to the versatility of the terrain.
This opportunity is an invitation to investors looking for a solid option in Montenegro. For more information, please contact us.

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Portugal Mortgage Brokers, licensed by the Bank of Portugal, are a free independent service working with all Portuguese banks. We specialise in offering mortgage information to residents and non-residents purchasing a property in Portugal, whether it be for a main residence, secondary home, investment, construction loan or renovation loan. We act as mortgage brokers to find you the most suitable and competitive mortgage program in the market. A simulation showing all costs is provided and an affordability check is carried out before submitting, we can then reach an official approval with the bank within 2 weeks of receiving your documents.

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