Multifamily residential building Project

This is a fantastic opportunity to purchase a plot and develop a project inside the picturesque city of Ferragudo!

The vendor has approved the project for a multifamily residential building with 4 separate sections. In other words, this project will allow to build 3 separate flats with 1 bedroom in each one plus a storage room and two terraces.

The sections of this building are flat 1, flat 2, flat 3, storage room and top terrace.

The Flat 1 (has 'Pink furniture' in the images), is a studio that has an entrance on the ground floor level, with an open space (living room + kitchen) , a bathroom, and an extra room downstairs (on the basement level).

The Flat 2 (has 'blue furniture' in the images), is one bedroom apartment with an entrance on the ground floor level, with an open space (living room + kitchen), a bathroom and a bedroom.

The Flat 3 (has 'yellow furniture' in the images) is also one bedroom apartment that has an entrance on the first floor that can be reached from an outside staircase. Includes an open space (living room + kitchen), a bathroom, a bedroom and a terrace with a barbecue area.
The Top floor terrace has a separate entrance that can be accessed by an outside staircase. Here a lounge area can be built.

The Storage room can be access from the street on the side of the building which is on the lowest level. (Basement level)

The biggest selling point is the location, which is 1 min walk away from Ferragudo square , 5 min from the nearest beach and all the local amenities.
It is only 45 minutes from Faro Airport.

Close to (Nobel) International School of the Algarve, being just over 8 kms away.

Excellent road access with the motorway also 8 km away and the national road that services the Algarve 4.5kms away.

Security: Portugal is considered one of the safest countries in the world.

The International Autodromo do Algarve F1 and MotoGP Circuit is 25 km to the northwest.
Energy Rating: Exempt
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