Premium New development

Property for sale

Silves, Algarve, Portugal

£698,446 *  [€800,000]

Property for sale

Silves, Algarve, Portugal

£698,446 *  [€800,000]

Property Details


  • Bedrooms: 0
  • Bathrooms: 0
  • Plot size: 3700 m2
  • Habitable space: 3700 m2

Features


  • Double Glass
  • Energy performance certificate – Exempt

Full Description


Old Cork Factory in the Historic Center of Silves - Land with Residential and Commercial Feasibility
We present a unique investment opportunity in the heart of the historic city of Silves: an old cork factory, with a plot of 3,700 m², inserted in a multi-family housing space in the PDM.
The property combines historical character with enormous constructive potential, making it ideal for those who want to develop a real estate or tourist project of reference in one of the most emblematic cities in the Algarve.
Construction potential:
Land area: 3,700 m²
Occupancy Index (Io): 0.40 up to 1,480 m² of implementation
Utilization Index (Iu): 1.67 up to 6,179 m² of gross construction
Max. of floors: 4
Possible distribution per floor: up to ~1,545 m²
Previous project (2010):
A housing and commercial project has already been planned, consisting of:
48 dwellings (8 T1, 39 T2, 1 T3)
+ 800 m² of commerce and services
3 independent buildings
Prime location:
Located in the heart of the historic centre of Silves, close to local shops, services and tourist attractions, this property represents an excellent opportunity to:
Rehabilitation of the old factory
Construction of multi-family housing
Tourism or mixed projects
A rare opportunity to transform an old cork factory into an innovative project in the heart of the historic city of Silves.
Contact us now for more information and to schedule a visit!
Energy Rating: Exempt
#ref: LL027
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This property listing (ref: LL027) is an advertisement supplied by Villaskey and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.
*Based on an exchange rate of 0.8731 from Euro to GBP. This rate is updated daily and is an indicative market rate supplied by A Place in the Sun Currency. Actual trading rates vary.