€950,000

Urban land with 1,100 m², located in a central area of Armação de Pêra, benefiting from an excellent location, just 1,000 meters from the beach and close to shops, services, restaurants and all essential amenities. The property has an approved Qualified PIP, allowing the development of a housing development with a gross construction area of 1,760 m². The project includes the construction of 4 floors for housing, with 15 T2 apartments and 1 T1 flat, and 1 underground floor for parking. This is an excellent opportunity for developers and investors looking to develop a residential project in a strategic location in the Algarve, in an area with strong tourist and housing demand. The combination of proximity to the beach, accessibility, commerce and the construction feasibility already defined makes this land an asset with high potential for appreciation and profitability. For more information or to schedule a visit, please contact us. Energy Rating: Exempt #ref:6183 - 6183 - Cityground Consulting, Lda