€750,000
Rustic Land with Constructive Potential in Algoz, Silves
Rustic land of 34,055 m², located in Algoz, parish in the municipality of Silves, district of Faro.
The property is divided into three distinct parcels: 17,623.40 m² designated for industrial and logistics use (I&L), included in the revision area of the Vale de Algoz Detailed Plan, 995 m² for single-family residential use, and 15,437 m² retained as rustic land. The land benefits from a strategic location, close to the Algoz logistics park and with direct access to the A22 motorway and the EN 125.
The asset’s value depends on the approval of the Vale de Algoz Detailed Plan, which foresees the transformation of part of the rustic land into urban land for ‘Economic Activity Spaces – Business and Commercial Location Area’, with an occupancy index of 1.
The residential parcel is classified as ‘Urban Land – Single-Family Residential Space’, with an occupancy index of 0.25 and a utilization index of 0.5, allowing for the construction of a single-story house. The total estimated constructive potential is 12,336 m² for the industrial/logistics area and 249 m² for the residential component. Located in a consolidated logistics development area, with companies such as Jerónimo Martins, Leroy Merlin, and CTT nearby.
Approximately 10 minutes’ drive from Armação de Pêra, 16 minutes drive from Albufeira, Praia Grande de Pêra, and Praia da Galé (West). 40 minutes’ drive from Faro Airport and 2 hours 20 minutes drive from Lisbon and Lisbon Airport.
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