Terra DI Olhão

Plot of land with approved project and paid license for a gated community in Olhão, Algarve

Investment Summary (Ready to Build):

• Location: Olhão, Algarve (Entrances via Rua Dâmaso da Encarnação, 77 and Rua Joaquim António Aguiar).

• Project Name: ”Twins Villages” Gated Community (License No. 2/2019).

• Total Area of Land: 4,360.00 m².
o Total above-ground construction area (Ground floor + 1st floor): 2,398 m².
o Total Basement Area: 1,364 m².

• House Features: 2 floors above ground level + optional basement/lower floor, swimming pool and garage.

• Infrastructure Value Already Executed: ~€515,000 invested on site.

• Status: Fully infrastructured, walled, and ready to begin construction of houses immediately.

• Common Parking for the Condominium: 19 spaces (Total for the Development: 25 spaces).

Excellent real estate investment opportunity in Olhão, Algarve.

This is an urban development, ready to build on for a luxury gated community, designed to guarantee maximum profitability, reduced risk, and total elimination of the usual municipal approval deadlines.

The project has over half a million euros in completed infrastructure works and active licenses, allowing for the immediate start of construction.

Infrastructure and Work Already Completed (~€515,000 invested)

• Licensing and Deadlines: Architectural and specialty projects 100% approved. • Building permits paid for 7 out of 8 plots (valid until the end of 2026 / beginning of 2027).

• Fees and Charges: All municipal fees and charges to the Olhão City Council are fully paid.

• Electrical Network & Lighting: Connection made to the power transformer with its own 97.70 KVA E-Redes branch line, active electricity, and external lighting lamps for the condominium already installed and operational.

• Efficient Water Management: Water supply and fire-fighting network connected to the public network. Includes a private water borehole connected to a 5,000L underground tank already piped for each plot (ideal for irrigation and domestic sewage, reducing condominium costs).

• Sanitation and Waste: Domestic and rainwater sewage networks connected to the public network and solid waste equipment installed.

• Telecommunications and Gas: ITUR network and gas distribution network connected to the public grid.

• Urbanization and Security: Land modeling completed, streets, sidewalks, signage, landscaping, and technical area building for the condominium executed. Fully walled in reinforced concrete with access gates.

Why This Project?

1. Immediate Time-to-Market: Start building and selling immediately without waiting years for bureaucratic approvals.

2. Location in Strong Expansion: Olhão is experiencing growing demand for mid-to-high and high-end homes in gated communities.

3. Operational Cost Efficiency: The integration of the water well substantially reduces future maintenance costs for the pool and green areas.

Contact us to schedule a site visit and access the complete technical dossier (architectural designs, specialties, and specifications).

At KellerWilliams®(KW), we believe in a 50/50 partnership as a way to provide the best customer service. Therefore, if you are an industry professional with a qualified buyer client, please contact me to schedule a visit.