€9,900,000

Land for Urban Development in Tavira – 21.8 ha

This is a unique investment opportunity on a 218,837 m² plot of land, strategically located between the A22 (Via do Infante) and the city center of Tavira, in the Eastern Algarve.

This privileged location offers excellent accessibility and high appreciation potential.
Geographical Setting:
Approximately 37 km from the city of Faro (39 km from Faro International Airport), 300 km from Lisbon, and 172 km from Seville, Spain. 4 km from the famous beaches of Tavira Island (Ria Formosa Natural Park).
Urban Setting:
The land is included in the Pêro Gil Detailed Plan, which allows for a total construction potential of 76,021 m², distributed across residential and commercial areas, and a hotel unit.
Project Structure: The site is organized into three Execution Units (UE) and a Rustic Area, allowing for phased and efficient development:
Execution Unit 1 (UE1) 9 lots: 1 lot for a hotel unit, 5 lots for collective housing (2 with ground-floor commercial units), and 3 lots for equipment (including a private clinic).
Execution Unit 2 (UE2) 11 lots: 8 lots for collective housing, 3 of which have ground-floor commercial units. East-west orientation.
Execution Unit 3 (UE3) 27 lots: 3 for collective housing, 24 for detached houses, includes a retention basin as provided in the plan. Rustic Area: 79,885 m² designated for agricultural use. Potential for wine and fruit crops.
Area Summary:
Total Area - 218,837 m²; Urban Area - 138,952 m²; Rural Area - 79,885 m².
Surrounding Area: Area characterized by agricultural land, mixed-use buildings, and scattered houses, with strong potential for urban integration and future appreciation.
Documentation will be provided to interested parties by Iad Real Estate Consultant Manuel Silva, manuel.silva@iadportugal.pt.
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