A unique and exclusive plot of land, located in the urbanisation of Quinta das Raposeiras in Santa Bárbara de Nexe, this lot offers an unmissable opportunity for investment in high-end residential or hotel projects. Plot Characteristics -Plot Area: Approximately 5460.15 m². -Maximum Building Area: 4493.50 m². -Implantation Area: 4493.50 m². -Permitted Use: Hotel, apart-hotel, or residential establishment. -Maximum Number of Units/Occupancies: 3. -Floors: 2 floors above ground + basement. -Building Height: 8 metres for hotel establishments and/or 6.5 metres for collective housing and single-family residences. -Ground Level Elevation: 257.30 metres. -Maximum Number of Parking Spaces: 240. -Plot Characteristics: Sloping terrain with a magnificent open sea view. Additional Advantages -Approved Subdivision Project: The project has already been approved by the municipal council, facilitating the development process. -Excellent Accessibility: Only 25 minutes from Faro Airport and the beaches. -Prime Location: Situated in the parish of Santa Bárbara de Nexe, a few kilometres north of the A22 motorway, between Faro and Loulé. -Panoramic Views: From the surrounding hills, there are exceptional views over the Barrocal plain, between Faro and Olhão, the Ria Formosa, and the Atlantic Ocean. -Attractive for Foreigners: Due to its excellent location and good rail connections, this area has become a prime choice for foreign residents. This plot offers a rare combination of a prime location, stunning views, and significant development potential. Ideal for investors and developers seeking an exclusive location for creating a luxury residential or tourist development. Do not miss this unique investment opportunity in the heart of the Algarve.

https://www.sothebysrealty.com/id/7yqbz6