$10,300,019

Investment Opportunity: Premium Residential Project In Olhão (150 Units)

  • 37,513 Sqft
  • 2.26 Ac lot
  • Updated: July 14

About the Property

We present a large-scale real estate asset with high profitability potential in one of the Algarve’s most rapidly appreciating real estate areas. This is a plot of land with a project designed for the construction of 150 urban dwellings, with a housing efficiency ratio perfectly aligned with current market demand.

The project allows for 3,485 s.q.m of gross construction area, 150 resident
We present a large-scale real estate asset with high profitability potential in one of the Algarve’s most rapidly appreciating real estate areas. This is a plot of land with a project designed for the construction of 150 urban dwellings, with a housing efficiency ratio perfectly aligned with current market demand.

The project allows for 3,485 s.q.m of gross construction area, 150 residential units, of which 146 are two-bedroom apartments and 4 are four-bedroom apartments, ideal for fractional sale (Build-to-Sell) or residential income (Build-to-Rent / Multifamily).

The project benefits from a premium location in Olhão, combining strong local residential demand with the region’s dynamic tourism. Just 15 minutes from Faro International Airport, a 10-minute walk from Ria Shopping (Auchan Hypermarket, Fitness Up, Clinics and Services) and a 7-minute drive from Olhão Marina, the Traditional Markets and the embarkation pier for the Ria Formosa Islands (Armona, Farol and Culatra).

Olhão has a severe shortage of new T2 type housing, guaranteeing a fast pace of pre-sales (off-plan sales). Highly attractive value per square meter of construction and land acquisition compared to the Algarve’s golden triangle (Vilamoura/Quinta do Lago), maximizing profit margins (Target IRR/ROI). The city is undergoing strong infrastructure modernization, attracting expatriates, international investors and local families seeking quality of life at a moderate cost.

It guarantees positioning in a market in full economic expansion. We provide the descriptive financial dossier, floor plans and economic feasibility study upon request.

Contact us today to schedule a private project presentation.

  • Property type

    Land

  • Price/sqft

    $274

Features

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Quelfes, Algarve, Portugal View on Google Maps
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Real Properties, Rentals & Management Lda

Joined 2 years ago
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Real Properties, Rentals & Management Lda
Portugal
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44
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2024
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Real Properties, Rentals & Management Lda
Quarteira, Portugal
View agency profile
Last updated
July 14
First listed
Jul 2
Listing reference
RP-2126
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