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Urban Land with Permission for an apartment building in the centre of Silves - € 385,000

Ref: CNL8178
Price
€ 385,000
Location
Silves
Built area
1,937m²
Plot area
1,211m²
Airport
40 mins drive
Beach
20 mins drive
Golf
6 km
Town
50 metres
Shops
20 metres
Restaurants
50 metres

Property features

  • Overlooking town
  • Fruit trees

Property overview

Situated within a popular residential area adjacent to Silves’ market, supermarkets, shops and restaurants, this plot of urban land comprises permission for development of an apartment block with build area of 1937m2 on a plot of 1211m2. With a continued programme of regeneration, the medieval riverside town of Silves is becoming increasingly popular as a base for overseas investors as well as local buyers and therefore this development could provide lucrative returns for professional developers.

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Property location

Silves

Silves was the Moorish capital of the Algarve with it's historic castle still standing proud on the inland hillside with its river below  surrounded by countless fruit trees. This is a very scenic area and it's river meanders all the way to the coast by Portimão. 

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