Land With Approved Project For Construction Of Development With 150 Rooms In Olhão
2.26 Ac lot
Updated: June 18
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About the Property
Building plot for development located in Quelfes, with a total area of 9,108 m², set in a privileged and peaceful area, close to the Ria Formosa and within a short distance of the centre of Olhão.
The land benefits from good access and is served by public utility infrastructures, including mains water, sewage and electricity, making it ideal for a medium to large-scale real estate develop
Building plot for development located in Quelfes, with a total area of 9,108 m², set in a privileged and peaceful area, close to the Ria Formosa and within a short distance of the centre of Olhão.
The land benefits from good access and is served by public utility infrastructures, including mains water, sewage and electricity, making it ideal for a medium to large-scale real estate development project.
According to the approved building capacity, there is feasibility for the construction of a development of up to 150 apartments, comprising 146 two-bedroom (T2) units and 4 four-bedroom (T4) units, representing an excellent opportunity for both residential use and investment.
Currently, there is a single-storey urban building on the plot, consisting of 15 rooms and a yard, which may be integrated, adapted or demolished as part of a new development project.
A unique opportunity to develop a project in one of the most sought-after locations in the Algarve, combining proximity to nature, quality of life and strong urban appreciation. Energy Rating: In progress #ref:7404