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Development land – Silves, Faro, Portugal

280,000 €
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Total area: 3,450 m² 22 separate bathrooms
  • Living area: 1,549 m²
  • Land area: 3,450 m²
  • Total rooms: 21

Plot of land with 3,450 m², with project approved, for a Retirement Home, with a construction area of 1549 m² and capacity for 34 senior citizens, in 21 bedrooms (13 double rooms and 8 single rooms). It will be able to work also as a Senior Day Centre. Modern architecture project, having favorable technical reports from several entities, namely: Town Hall, Social Security, Civil Protection and others, complying with all applicable laws. Located in Sobrado, close to Algoz, in a quite calm area, with panoramic countryside views. Undoubtedly an excellent business opportunity, an investment with success guaranteed, having Portugal, according to recent news, around 15,000 senior citizens on hold for a vacancy in a retirement home and more people are expected next years, due to the increasingly ageing population.

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Julia Dorokhina
Julia Dorokhina
Real Estate Expert Tranio in Silves
+44 20 3608 1267
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