For the sale of a plot of land, Faro City Council is holding a public auction on March 24, at 10:00 am, in the main hall of the Faro City Hall. The lot of land is called “Lot 3” and is intended for the construction of a development related to tourism activity.
The following information presents some characteristics of the item. You can consult the Procedures Program and the Specifications published by the Municipality of Faro, which contains all the detailed information:

Total area of the lot: 4,008m2 (four thousand and eight square meters)
Number of lodging units to be built: maximum 184 units
Base bidding amount: 4,225,000.00 euros (four million two hundred and twenty-five thousand euros)
Deadline for bid registration: March 20, 2023
Minimum bid: 10,000.00 (ten thousand Euros)