Faro, Faro 8005-536

Land with a total area of 2, 624 m2 and 1, 649 m2 of gross construction area.Ideal for student residences given the proximity to the University of Algarve (2 km).With PIP approved for subdivision for the creation of 1 lot (4 floors with 12 dwellings + 24 parking lots) intended for housing, housing at controlled costs or commerce and services, located in the Vale da Amoreira Urbanization Plan area. Depending on the Typology, more fractions can be built.The land is located in a relatively flat area or with low slopes, free from any buildings and has no significant tree elements.The surrounding area consists of a predominantly residential area, as well as the EB2/3 Pinheiro e Rosa school, Continente Supermarket, University of Algarve (Penha Center) and the Regional Directorate of Economy of the Algarve. In the perimeter there are single-family and/or multi-family residential buildings. The land is close to the N2 National Road, which is one of the main access routes to the city of Faro and easy access to the A22 motorway.About 1.5 km from the city center of Faro and with good access to the main roads and arteries.To the north of the plots, work is underway to build an Intermach, a BricoMarch, Bati Drive.With Local Market and Profitability Cost analysis study that can be made available.Can be sold together with the adjacent urban land of Ref. C0405-02637 with 7560 m2.We are now open from Monday to Sunday, come visit us!