€300,000

URBAN PLOT WITH APPROVED PROJECT BUILDING OF 4 APARTMENTS READY TO BUILD IN TUNES, SILVES (CENTRAL ALGARVE) Investment opportunity: a 501.80 m² plot, with a near-rectangular shape and flat surface (slope under 5%), with an approved architectural project for a multi-family building, ready to break ground, in the heart of central Algarve. Located on Rua Dr. Júlio Dantas, in Tunes, Silves municipality, just minutes from Albufeira, Vilamoura and the Algarve's main beaches, this is a consolidated plot, surrounded by existing construction and with all street infrastructure already installed water supply, domestic and rainwater drainage networks, water supply, electrical grid and telecommunications network. The street has two traffic lanes running in opposite directions and side pavements. The licensing process is well advanced, allowing construction to start with greater predictability of timelines and costs. Project Features The project provides for a multi-family residential building spread over 2 above-ground floors plus 1 technical basement: - Plot area: 501.80 m², with a footprint of 243.00 m² - Gross construction area: 450.00 m², entirely above ground - Below-ground area: 385.00 m², intended exclusively for the parking basement - 4 apartments (one 3-bedroom and three 2-bedroom) in a row, duplex-style, with strong demand for sale and rental in the region - Private basement parking: 7 car spaces, including one accessible space and a bicycle area accessed by ramp from the public road - Building ratio of 0.90 Each home has direct access from the public road as well as to the shared basement floor. The ground floor houses the social area (living room, open kitchen, bathroom and private terrace); the first floor holds the bedrooms and bathroom. The roof is a terrace, pre-fitted for solar panels. The construction follows the architectural style of neighboring buildings small-sized window and door openings, white walls, painted plinth and terrace roof with a reinforced concrete structure, thermal brick walls with an ETICS ('capoto') insulation system, fine sanded finish painted white, and white lacquered aluminum window frames with thermal break and double glazing. Why Tunes? Tunes combines a quiet residential setting with excellent connections to the whole region. Tunes station is one of the Algarve's main rail junctions where the Algarve Line meets the Southern Line making it possible to reach Faro, Lagos or Lisbon by train without depending on a car. It sits between the coast and the barrocal (limestone hill country): just minutes from Albufeira, Silves, Vilamoura, Guia and Algoz, yet without the traffic and bustle of the more touristic areas, while still offering all essential services school, kindergarten, health clinic, pharmacy, shops and restaurants. Armação de Pêra and Albufeira are about a 15-minute drive away, Vilamoura 20 minutes, and Faro Airport around 35 minutes. The more moderate cost of living and housing compared to coastal areas reinforces this investment's potential for appreciation. A plot with an approved project under these conditions consolidated area, installed infrastructure, in-demand unit types and central location represents a solid foundation for developers looking to enter the Algarve market with security and predictability. Full Support Throughout We support the entire purchase process through to the notarial deed. We work with a credit intermediation company licensed by the Bank of Portugal and can help you secure the most favorable financing terms for your project. Opportunities like this, with an already approved project, don't stay available for long. Contact us today to schedule a visit to the plot. Energy Rating: Exempt #ref:SÒL 611 - SÒL 611 - Marçal & Ekaterina Martins