Olhão Centre|Project For Up To 1,600sqm Of Construction|Up To 5 Floors|Opportunity For Developers

Excellent opportunity for developers and real estate investors. In the center of the city of Olhão, there is this abandoned building with an extraordinary development potential, inserted in a privileged location, where the demand for housing continues to grow consistently. According to the Right to Information issued by the City Council of Olhão, the property has feasibility for the construction of a building up to 5 floors above the threshold, with a gross building area of up to 1,600sqm, subject to presentation and approval of the respective project by the competent entities. This potential allows developing a reference housing development, composed of modern apartments, with parking and quality common areas, responding to the needs of a strongly expanding market. Main advantages: Privileged location in the center of Olhão; High constructive potential; Possibility of building up to 5 floors; Gross building area up to 1,600sqm (according to the Right to Information); Excellent option for apartments for own housing, investment or rental market; Strong potential for appreciation. A few minutes from the Marina of Olhão, the Municipal Markets, the Ria Formosa, the embarkation docks for the islands, as well as all the commerce, services, schools and transport, this location brings together all the factors that are sought by current buyers. Olhão is today one of the most dynamic real estate markets in the Algarve, registering a growing demand from national and international clients. The scarcity of land and buildings with this constructive potential makes this a particularly attractive investment opportunity. At Casas do Sotavento, we put at your disposal a team specialized in accompanying investors and real estate developers, guaranteeing a professional, transparent and personalized service in all phases of the business. Invest in a project with high profitability potential, in one of the most sought-after locations in the Algarve. Contact us for more information or schedule your visit. (ref SU-CS-TU-95084)