Summary

  • For Sale    322,898,528 JPY
  • Build Size: 249.91 m2
  • Land Size: 23,999.92 m2
  • Property Type: Vacant Land

Property Description

Where the land meets the sea. This is where this magnificent plot is situated. Offering breathtaking views and spanning almost 2.5 hectares, it can accommodate a tourism infrastructure of up to 250 square meters. It is set in one of the most prestigious spots in the Algarve, in the heart of Carvoeiro, and can accommodate a shopping/amenities area.Carvoeiro is a Portuguese town in Lagoa, Faro. Lagoa borders Silves to the north and east, Portimão to the west, and the Atlantic Ocean to the south.Tourism has been the main driver of development in the municipality since the 1960s, creating the necessary structures to stimulate the economic fabric, with a significant impact on the job market, namely in terms of job creation. Tourism soon became the main driver of local development, standing out as a permanent, structural feature of the region's economy. The most luxurious facilities in this tourism area are: Albandeira, Caramujeira, and Monte Carvoeiro. Praia da Marinha, on the other hand, has become an internationally renowned location. As it is located in a highly sought after area of Carvoeiro, this plot represents an excellent investment opportunity.

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