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Global Properties

Land in Loule, Portugal No. 245414

$ 2 350 000
Loule, Portugal
Parameters
ID
245414
Type
Land
Land area, m²
12019
Property description
Excellent Investment Opportunity: 2,579sqm Plot in Loulé, Algarve We present a rare opportunity for the development of a large commercial or service establishment, in a prime location in the city of Loulé, Algarve. Plot Features: Total Plot Area: 2,579sqm Permitted Building Footprint: 2,000sqm Maximum Construction Area: 12,000sqm Potential Basement Area: 5,158sqm Minimum Required Parking Spaces: 1


Excellent Investment Opportunity: 2,579sqm Plot in Loulé, Algarve We present a rare opportunity for the development of a large commercial or service establishment, in a prime location in the city of Loulé, Algarve. Plot Features: Total Plot Area: 2,579sqm Permitted Building Footprint: 2,000sqm Maximum Construction Area: 12,000sqm Potential Basement Area: 5,158sqm Minimum Required Parking Spaces: 170 spots Prime Location: Located next to the Continente hypermarket in Loulé, in a strategic area that combines proximity to schools, residential zones, and major access routes.
This plot stands out for its excellent location and generous construction possibilities, providing the ideal setting for a large-scale commercial project. Construction and Development Potential: This plot offers impressive construction potential, ideal for large-scale projects. With a maximum construction area of 12,000sqm and an additional basement area of up to 5,158sqm, there is flexibility for various types of developments, from shopping centers to service buildings, offices, or even a multifunctional complex that combines several uses. The generous building footprint of 2,000sqm allows for the creation of a solid structure, optimized for maximum space efficiency. Additionally, the requirement of 170 parking spaces ensures the necessary support to accommodate a significant flow of visitors or users, essential for the success of any large commercial surface. About the City of Loulé: Loulé is one of the most vibrant cities in the Algarve, known for its rich cultural heritage, natural beauty, and dynamic economy. Located in the heart of the Algarve, Loulé combines the charm of a historic city with the modern conveniences of a growing urban center. Strategic Location: Loulé is just minutes away from the popular Algarve beaches and the tourist resorts of Vilamoura, Quarteira, and Vale do Lobo, attracting both permanent residents and tourists. The proximity to Faro International Airport (about 20 minutes by car) further increases its attractiveness for businesses and visitors. Growing Economy: Loulé has experienced significant economic growth, driven by both tourism and investments in commercial and industrial areas. The city is home to various industries, as well as financial services, education, and healthcare, making it a key business hub in the region. Infrastructure and Services: Loulé benefits from excellent infrastructure, including schools, healthcare centers, and an efficient transport network. Additionally, the city is known for hosting cultural and sports events, attracting thousands of visitors each year. Quality of Life: Loulé offers a high quality of life, combining tranquility, safety, and all the necessary amenities for daily life. The city preserves its traditional character while embracing progress, making it an attractive location for real estate and business investments. Conclusion: Investing in this plot in Loulé is not just about acquiring a property, but also participating in the development of one of the most promising cities in the Algarve. With its vast construction potential and prime location, this plot is the ideal foundation for a successful project in a real estate market that continues to grow and attract interest both nationally and internationally. (ref PR-CS-TU-87224-LT-30)

Features
Outdoor features
  • Car park
Statistics Loule
$ 4 641
Price per m²
162
Quality of Life Index
51
Cost of living Index
Parameters
[:second_city:]
Faro
Difference
Monthly Rent Cost
1-Room Apartment
$ 1 163
2-Room Apartment
$ 934
Apartment Purchase Price per m²
In the City Center
$ 4 641
Outside the City Center
$ 3 571
Crime Index
30
Cost of Living and Rent Index
41
Purchasing Power Index
69
Property Price to Income Ratio
14
Safety Index
70
Traffic CO₂ Index
5958
Traffic Inefficiency Index
141
Rent Index
28
Health Care Index
54
Groceries Index
48
Pollution Index
34
Traffic Commute Time Index
25
Restaurant Price Index
46
Climate Index
98
Cost of Living Index
51
Quality of Life Index
162
Traffic Index
120
Restaurants
Meal, Inexpensive Restaurant
$ 14.13
Meal for 2 People, Mid-range Restaurant, Three-course
$ 42.38
McMeal at McDonalds (or Equivalent Combo Meal)
$ 12.36
Domestic Beer (0.5 liter draught)
$ 2.35
Imported Beer (0.33 liter bottle)
$ 2.35
Coke/Pepsi (0.33 liter bottle)
$ 2.35
Water (0.33 liter bottle)
$ 1.65
Cappuccino (regular)
$ 2.00
Markets
Milk (regular), (1 liter)
$ 1.20
Loaf of Fresh White Bread (500g)
$ 1.56
Eggs (regular) (12)
$ 3.39
Local Cheese (1kg)
$ 14.57
Water (1.5 liter bottle)
$ 1.25
Bottle of Wine (Mid-Range)
$ 5.30
Domestic Beer (0.5 liter bottle)
$ 0.98
Imported Beer (0.33 liter bottle)
$ 3.09
Cigarettes 20 Pack (Marlboro)
$ 6.71
Apples (1kg)
$ 2.68
Chicken Fillets (1kg)
$ 6.38
Oranges (1kg)
$ 1.62
Potato (1kg)
$ 1.52
Lettuce (1 head)
$ 1.46
Rice (white), (1kg)
$ 1.86
Tomato (1kg)
$ 2.70
Banana (1kg)
$ 1.35
Onion (1kg)
$ 2.56
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$ 11.43
Transportation
One-way Ticket (Local Transport)
$ 3.53
Monthly Pass (Regular Price)
$ 43.56
Gasoline (1 liter)
$ 2.01
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$ 35 371
Taxi Start (Normal Tariff)
$ 3.89
Taxi 1km (Normal Tariff)
$ 1.18
Taxi 1hour Waiting (Normal Tariff)
$ 22.37
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$ 40 331
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$ 142
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$ 36.50
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$ 20.46
Salaries And Financing
Average Monthly Net Salary (After Tax)
$ 1 435
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
5%
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult
$ 44.74
Tennis Court Rent (1 Hour on Weekend)
$ 22.37
Cinema, International Release, 1 Seat
$ 11.77
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)
$ 74.56
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$ 39.74
1 Pair of Nike Running Shoes (Mid-Range)
$ 110
1 Pair of Men Leather Business Shoes
$ 108
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$ 482
International Primary School, Yearly for 1 Child
$ 12 766
Contact seller
Contact seller

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