Discover a unique investment opportunity with this expansive 8,225 square meter plot of land strategically situated between the prestigious Vale do Lobo and Quarteira regions. This versatile property boasts a primary project permit (PIP) for a substantial 2,500 square meter commercial and retail development, with potential for conversion into a boutique hotel or apart-hotel, offering flexible development options. The site features approximately 6,701 square meters of permeable space within the total area, ensuring a harmonious integration with the surrounding environment. The project encompasses plans for a habitable area, with a footprint of 1,250 square meters and a built-up area of 2,500 square meters, providing ample scope for a customized hospitality or retail venture. Ideal for investors seeking a prime location with development potential, this land combines strategic positioning with versatile planning opportunities to realize a unique commercial or hospitality project in one of the Algarve’s most sought-after areas.
Land
Data source: https://www.rightmove.co.uk/properties/113127521?currencyCode=GBP#/?channel=OVERSEAS
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