Investment Opportunity – 7 villas and shops in the center of Almancil

Excellent investment opportunity with high potential, consisting of 7 villas and a shop in the center of Almancil.

This plot of land is transformed into a small private condominium with 7 villas and a store, with the following characteristics:

• a 2 bedroom villa with 2 entrances and private terrace;
• 6 one bedroom villas each with living room and kitchenette;
• the store has a public service room with showcase and 2 larger rooms more reserved.

All villas have been recently renovated and have a large common outdoor space with garden, several private parking spaces and laundry for residents.

The store goes directly to the main street while the villas are in a more reserved area.

Currently, the villas are all rented and the store is in full operation, which represents a return of about 4.5% per year.

The total area of the land is about 2.000 sqm and the current gross construction area of 415 sqm.

In addition, it is inserted within Detail Plan 1 of Almancil.

This space is ideal to continue as a small private condominium or to transform into Local Accommodation.

If you prefer you can also apply in the future the coefficient of construction, defined in the Detail Plan of Almancil.

Thus, it could build 5 detached villas, ground floor and 1st floor, with a maximum construction area of 1.113 sqm + basement of 813 sqm + swimming pool.

Location

Located near the center of Almancil, in an area of easy access on foot to all services and amenities, as well as: pharmacy, health center, parish council, banks, supermarkets, commerce and local services.

It is just 5 km from Vale do Lobo, 7 km from Quinta do Lago, 11 km from Vilamoura and 14 km from Faro International Airport.

Certainly this will be an excellent investment option with high profitability potential due to the current high demand and increasing appreciation of the real estate market.

Come visit!

MainProperties :: Investment Opportunity – 7 villas and shops in the center of Almancil :: RF145_2