Land With Approved Project For 150 Units In Olhão Algar

Safe, scalable and forward-thinking investment, ideal for developers and investors looking to get up and running quickly in one of the rapidly expanding markets in the Eastern Algarve. We present a strategic asset in Quelfes, Olhão: an urban land of 9,108 m² with approved design and specialities. This turnkey solution eliminates uncertainties and licensing deadlines, allowing the immediate start of construction in one of the most dynamic markets in Portugal.

Project Highlights:
Capacity: 150 dwellings (146 T2 apartments + 4 T4 apartments).
Configuration: Building of up to 5 floors with parking and modern infrastructures.
Competitive Advantage: It will be sold with Licensing completed - direct reduction of costs and operational risk. Currently still in the process of approval.
Versatility: Ideal for direct sale, rental market (long term) or mixed exploitation.
Location and Connectivity: Strategically positioned in a rapidly expanding residential area, the plot offers the perfect balance between tranquillity and convenience:
15 min from Faro International Airport.
30 min from the border with Spain.
Direct Proximity: Schools, supermarkets, Ria Shopping and Municipal Stadium.
Access: Excellent connections to the EN125 and A22. Why Invest in Olhão? Olhão is much more than the largest fishing port in the
Algarve; It is today an investment hub that preserves its authenticity while attracting a new segment of residents and tourists.
Capital of Gastronomy and Culture: Famous for its iconic red brick markets (the largest in the Algarve) and the Seafood Festival, the city attracts thousands of visitors annually.
Gateway to Paradise: Privileged location in the Ria Formosa, with direct and quick access via boat to the islands of Armona, Culatra and Farol, known for their white sand beaches and crystal clear waters.
Rising Market: Unlike other saturated areas of the Algarve, Olhão maintains a local charm and competitive prices, which ensures a high demand for quality new housing.
Unique Lifestyle: Historic streets, a vibrant riverfront, and a protected nature reserve offer an unbeatable quality of life for families and digital nomads.

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AL97221VR
Energy Rating: Exempt
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