€9,900,000

Urban land with 21.8 hectares located on the connection between the A22 and the city center of Tavira, in a place with excellent development potential. The land is located in the vicinity of the city of Tavira, in the eastern Algarve, 37 km from Faro (39 km from the airport), 300 km from Lisbon and 172 km from Seville. The Detailed Plan of Pêro Gil, where the land is integrated, allows the development of a project with a total construction potential of 76,021 m² for residential residential space, a hotel, commercial space and equipment. The area is divided into three execution units and a rustic area, facilitating the proper phasing of the project: Execution Unit 1 divides the space into nine lots, with one for a hotel unit, five for collective housing (two of them with commerce) and three lots for equipment (one of them, for a private clinic). Part of the adjacent land will be kept rustic (79,885 m²), with agricultural potential. Execution Unit 2 divides the urban space into eight distinct lots intended for collective housing (where, in three of these, it is planned to have commercial areas on the ground floor). This unit has an East - West orientation. Execution Unit 3 is structured in twenty-seven distinct lots, of which three are for collective housing and the remaining twenty-four for detached houses. In the northern area of the EU3, next to the EU2, the retention basin provided for in the Pêro Gil Detailed Plan is inserted. In addition to the three Execution Units, which make up the Urban Area, there is a Rustic Area that will be maintained, suitable for agricultural cultivation, in a total of 79,885 m². The predominant crops in this region are wine and fruit. The Total Land Area amounts to 218,837 m², corresponding to an Urban Area of 138,952 m² and a Rustic Area of 79,885 m². The surroundings are characterized by the existence of land, mixed buildings and scattered houses.