Apartment for sale in Ferreiras, Portugal

• 1000 m² of land (10764 sqFt)
• N/C

This 1000m² urban land located in Ferreiras, Albufeira offers a fantastic investment opportunity. Situated in a convenient location with easy access to all amenities, the property is currently walled and comes equipped with infrastructure including an office with a toilet, a kitchen, and a loading and unloading dock. Previously utilized as a workshop/garage, this versatile space has the potential for various commercial purposes. The construction project is already in progress, with approval for a residential development consisting of 9 apartments (six T2 and three T1), a basement garage for 9 cars, and a swimming pool with leisure area. With such attractive features and approved plans for development, this land holds great potential for investors seeking a housing project in a booming and easily reachable area. Don't miss out on this opportunity - schedule your visit today! In terms of the property price, the asking amount of 500,000 reflects the prime location, size of the land, existing infrastructure, and approved development plans. Considering the potential return on investment from the residential project, this property presents a compelling opportunity for investors looking to capitalize on the growing real estate market in Ferreiras.