Faro, Algarve Portugal

Situated within an area of outstanding natural beauty, the Ria Formosa Natural Park, this 4,672m2 plot is located close to a very quiet residential area with excellent access. The perfect location with possibility to develop project for construction of a prestigious hotel with an approved implantation area of 2700m2 (58% of the total area). In total 11,193m3, 5 floors reflected in a mx 18m2 level, 109 rooms, 11 suites and 97 covered parking lots. This project allows alteration to an apartment complex or student residence. Or for the development of an adjacent residential area with a maximum of 40% of usable area and a maximum index of 0.6. With a premium location, it is close to Faro city centre, Faro Beach, the airport and Faro University.