Prime urban land for development in the heart of central Albufeira, with a pending PIP (Prior Information Request) ready for submission. Located in a tranquil yet central residential area just minutes from the stunning beaches, this property offers an exceptional investment opportunity. Spanning a total area of 1,500 m², the site is equipped with essential infrastructure including water, sewage, rainwater drainage, and electricity. The proposed project envisions the construction of a modern building with four floors—three above ground and one basement level—featuring a lift and designed to accommodate seven upscale apartments, a communal swimming pool, and private parking facilities. The development plan includes six spacious two-bedroom units and one four-bedroom apartment, all designed with contemporary finishes. Residential units range from approximately 97.5 m² to 164.5 m², with basement garages of 44 m², 77 m², and 79 m² available—some of which may be sold separately. The west-facing façade ensures abundant natural light, while the east-facing pool area offers a private outdoor oasis for residents. Parking facilities are comprehensive, with 13 exclusive outdoor spaces, five covered spots, and additional public parking totaling 18 private and 3 public spaces. Located moments from supermarkets, local shops, municipal offices, health centers, and major transport routes, this property boasts high growth potential and is ideal for property investors and developers seeking a prime Albufeira location. The project promises strong appreciation prospects and a versatile use—ranging from residential to tourist accommodation, hospitality, retail, and food service establishments. Detailed project documentation, currently in the PIP stage, is available for prospective investors for further evaluation and planning. Don’t miss this exceptional opportunity to develop a high-quality residence or investment property in one of Portugal’s most sought-after coastal towns. Contact us today for more details or to arrange a viewing.

Land

Data source: https://www.rightmove.co.uk/properties/164882108?currencyCode=GBP#/?channel=OVERSEAS