Land in Lole, Portugal

Faro land. City - Lole

An investment opportunity in one of the most exclusive and prestigious areas of Vilamoura, located in a formed zone of resorts, luxury hotels, golf courses and with a high year-round tourist flow.

The facility is located only 170 meters from the Vilamura pier of the international benchmark in the field of tourism and pleasure yachting, which has been awarded numerous international awards and recognized for its high level of infrastructure and service. It is also conveniently located in close proximity to the long beaches with golden sand, which makes Vilamura one of the most popular destinations in the Algarve.

The plot has an approved town-planning structure that preserves the building potential provided for by the development plan and the corresponding permit. Although the previous architectural project is no longer valid, the previously developed solution can serve as the basis for a new project, provided that it is adapted to current legislation and urban planning regulations.

The previously approved project envisaged the creation of a premium commercial and restaurant space designed to accommodate exclusive brands, innovative concepts and leading operators, with high potential for value growth and profitability.

The project, designed by architect Vasco Vieira, included a total of 35 commercial premises, distributed into 26 rooms on the ground floor and 9 on the second floor, with an area of 35 m2 to 84 m2, a total commercial area of 1,569.59 m2 and 403.62 m2 circulation zones. The project also included loading and unloading areas, a waste management system and accessibility routes, providing a functional solution that meets the requirements of a first-class tourist destination.

To cater for the high flow of visitors, the concept provided for two underground levels of parking for more than 300 seats:

Level -1 (1st underground floor): 155 parking spaces, including 4 places for people with limited mobility, with a total parking area and driveways of 4,498.79 m2;
Level -2 (2nd underground floor): 166 parking spaces, including 4 spaces for people with limited mobility, with a total parking area of 4,692.85 m2.

Basic parameters:

Total area of the plot: 4 982 m2;
- Building area: 1,500 m2;
Total construction area: 2,200 m2.

Strategic location near key facilities:

-200m from Vilamura pier;
200 m - 1 km from dozens of restaurants, bars, shops and services;
-1 km from Vilamura Casino;
-1.3 km from Vilamura beach;
3-5 km from the leading golf courses;
4-5 km from the international equestrian center hosting international competitions and seasonal events;
-25 km from Faro International Airport.

This is a unique opportunity to implement a high-quality project in an exceptional location, with the advantage of an already formed town-planning structure and a previously developed concept that can be re-examined by the competent authorities, subject to its adaptation to the current legal regime.
Energy consumption class: Seized
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