Montenegro, Faro, Faro

Details :- Reference: YWQB-T723. Spacious, Flat Land with Construction Potential for Up to 4 Stories Above Ground Level, Near Faro Airport and Algarve Beaches.<br /><br />This flat, 1.4-hectare (14,170m²) property in Montenegro is a unique investment opportunity for the hospitality and tourism sector, given its strategic location and high construction potential.<br /><br />According to the 2024 Faro Municipal Master Plan (PDM) revision, the land has a land use index of 0.6, allowing for additional basement space exclusively for car parking and/or balconies. The property supports construction of up to 4 floors above ground level, with a maximum facade height of 13.4 meters and a ground occupancy rate of 40%.<br /><br />The property has nearby access to electricity, water, and sewage services, making development implementation easy. It is also accessible by a dirt road (90 meters away) and includes a water well.<br /><br />In addition to being close to the airport, the property offers quick access to various public transport options (300 meters away).<br /><br />Located 2 km from Faro's riverside park and 4 km from Faro Beach, the land is approximately 15 km from the exclusive luxury developments of Quinta do Lago and Vale do Lobo, within the famous Golden Triangle, providing proximity to golf courses, wellness services, leisure, and sports facilities.<br /><br />Just 700 meters from Faro's Gago Coutinho Airport and only 900 meters from the Montenegro town center, which offers a wide range of shops and services.<br /><br />A unique investment opportunity in the hospitality/tourism sector, given the strategic location and high construction potential.<br /><br />Schedule your visit through our website! (Visit the video section to see how!)<br /><br />For more information, please feel free to contact us.<br /><br />'YOUR HOME IN THE ALGARVE' <br />#ref:TER_1753_VEND