€1,950,000

Excellent opportunity not to be missed! A large plot of 7,000 m2 in Almancil with the possibility to build around 3940m2 of construction either by subdividing into Lotes for detached villas or townhouses, or building apartment block/s. Excellent access, and easy water and electricity connection. A portion of the plot with a ruin is located on a road leading into the centre, and the adjoining larger portion of 6300m2 is located in the new PDM(town planning) expansion zone, and spreads across to another quieter road access on the opposite side. A minimum number of 2 floors will be allowed, but it may be possible to have 3 floors subject to council approval. Almancil has gained incredible popularity with substantial recent investment from the private and public sector in infrastructure, amenities and housing. This town is the gateway entry to the exclusive resorts of Quinta Do Lago and Vale do Lobo, and given the short supply of housing for all needs(permanent residences as well as vacation short rentals and long term lets, this is a Good investment opportunity . Developers and constructors will appreciate the potential. More on the Location Algarve has an exceptional mobility index with Faro International Airport, Portimão Private Airport, 3 airfields and 5 heliports. Due to a wider option of direct flights, travellers often choose Lisbon Airport and take a 2-hour drive to reach the Algarve. For yacht owners and fishing enthusiasts, there are 4 marinas and 3 ports. For health care, Algarve has 3 public hospitals, many private facilities, and a Centro de Saude in each town. Besides public schools in every city, there are also 6 International schools. And with over 300 days of sunshine and 250 km of coastline varying from smooth golden beaches to dramatic red cliffs leaning over the stunning blue ocean there are also plenty of historic attractions, a beautiful countryside, more than 40 golf courses, numerous sports activities/facilities and much more. Abloom Boutique Real Estate is rated by its clients as the best in local market knowledge. Their portfolio of exclusive properties in the Golden Triangle and the Central Algarve country side as well as their ability to always connect the right buyer to the perfect product ensures they are the top choice of realtor for all their client´s future transactions. Their reputation of professionalism, integrity, local market knowledge and that personal touch wins them sale after sale.