Others - Commercial in Silves with 237 m²

Investment Opportunity in the Centre of Algoz – Approved Project for Building with 4 Units

Property with a total area of 237 m², ideal for reconstruction and expansion, located in the heart of Algoz, in a highly sought-after and appreciating area.

The architectural project has already been approved by the City Council, and all the technical/speciality projects are completed, allowing for immediate submission of the construction license request.

The project foresees the construction of a building with 4 residential units – an excellent opportunity for investors or real estate developers looking to start a ready-to-go project.

Located within an Urban Rehabilitation Area (ARU), the property benefits from municipal incentives and support for rehabilitation works, as well as tax benefits under this regime.

Prime location in the centre of Algoz, close to shops, services, public transport, and with easy access to the main roads of the region.

Don't miss this opportunity to start immediately a project with great profitability potential.