Golden Triangle | Property for sale | Savills
207 sq m(2,228.13 sq ft)
Asking price €650,000($700,171)

Golden Triangle

  • New
207 sq m (2,228.13 sq ft)

Key features

  • Central location
  • Proximity to Restaurants, City Centre, Pharmacy, Public Transport, Schools, Playground and others

Excellent investment opportunity in the heart of Almancil.

About this property

  • <p id="isPasted">This double urban plot, strategically positioned on the main avenue, offers convenient access to prestigious resorts such as Vale do Lobo and Quinta do Lago, the historic town of Loulé, and Faro Airport.With its vast potential, this property is ideal for multi-functional development, luxury residential apartments, or commercial use.<strong>Plots Details:</strong>Urban Plot 1: 200m²Urban Plot 2: 357m²Total Combined Plot: 557m²<strong>Development Options:</strong><ul><li><strong>Option 1:</strong>Construct two independent buildings, one on each plot.</li><li><strong>Option 2:</strong> Develop a single, larger building spanning both plots.</li></ul>A previous project proposal for the combined plot envisioned a 4-story building with apartments and retail spaces (total area of 1,267m²) and an underground parking garage (664m²).All relevant documentation is available upon request.Additionally, there is potential to restore the existing structures, which include a commercial space, a house, and two garages.

Local information

  • The Golden Triangle is located in the central Algarve. It comprises Quinta do Lago, Vale do Lobo, Vilamoura and areas in between, and undoubtedly features some of the more sophisticated and exclusive areas on the coast. Championship golf courses and other world-class sports facilities, an incredible choice of restaurants, and shopping are a given. The resorts are manicured and the properties are as luxurious and exciting as you might find anywhere in the world. Infrastructure is impeccable and visitors and residents enjoy the highest possible standards.