€1,780,000
Approximately 24,000 sq m of land/buildings with planning permission (10,000 sq m urban, the remainder rural) in Paderne, Albufeira, just 12 km (or 18 minutes by car) from the beach. This plot of land has planning permission for the construction of around 1,600 sq m of housing units. The plot includes an approximately 5,000 sq m lake, a ruined building and an old 2,500 sq m factory complex (a former ceramics factory) with 5,000 sq m of construction area (council documents confirm the complex dates from before 1951). With a new project, there is a viable possibility of construction up to a maximum of 5,000 sq m, which can be used for industry, services, hotels, rural tourism or housing units. According to the existing planning permission, the 1,600 sq m is broken down thus: 10 suites, lounges, dining rooms, kitchen, cinema, gym, massage room, games room, multi-use room, indoor swimming pool, indoor hot tub, barbecue, landscaped upper terraces, utility room, storage and technical areas. Outside, it has an outdoor swimming pool 18 m in length, reflecting pools, 2 outdoor hot tubs (one next to the pool, the other on the landscaped terrace), tennis court, various outdoor leisure/exercise/fitness zones, etc. Features: – Lake – Ruin – Rural architecture – Land with planning permission The engineering designs are expected to be delivered to Albufeira Town Council by mid-September 2021. Boasting 943km of coastline and architecture reflective of its rich history, Portugal was voted ‘Best Destination in Europe’ at the 2020 World Travel Awards for the 4th consecutive year. The Portuguese enjoy over 300 days of sunshine a year, an unrivalled quality of life, and Europe’s wildest beaches. Portugal ranks as the 3rd safest country in the world with the 4th most powerful passport in Europe. The nation with the oldest borders in Europe is also at the forefront of innovation, dubbed a European tech hub, ranking 2nd in Europe for the quality of its skilled labour. The westernmost country in Europe, famous for its wines and cuisine, arts and culture that span centuries and continents, influenced and inspired by ties with times past. -PROP-023408
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