$10,296,409

Land For The Construction Of A Building With A Pool In Olhão

  • 98,038 Sqft
  • 2.26 Ac lot
  • Updated: August 7

About the Property

Excellent opportunity for real estate investment in Quelfes, in the municipality of Olhão. This is an urban land with a total area of 9,108 m², located in an area undergoing significant urban expansion and with strong demand for housing. The lot has an approved project for the construction of 150 housing units, distributed across 10 blocks, each with 5 floors, totaling 15 apartments per block, wit
Excellent opportunity for real estate investment in Quelfes, in the municipality of Olhão. This is an urban land with a total area of 9,108 m², located in an area undergoing significant urban expansion and with strong demand for housing. The lot has an approved project for the construction of 150 housing units, distributed across 10 blocks, each with 5 floors, totaling 15 apartments per block, with a basement, a communal pool, and outdoor areas, designed to meet the current market demand. The project mainly includes T2 apartments, totaling 146 units, complemented by 4 T4 apartments, offering a versatile solution for both personal residence and investment in the rental sector. The T2 apartments consist of an open space living room and kitchen, a pantry, a suite with a closet, an additional bedroom, and a bathroom. The T4 apartments feature an open space living room, a pantry, three suites with closets, an additional suite, and a bathroom. All apartments include balconies, enhancing comfort and connection to the outdoors. The rooftops of the buildings are planned to have solar and photovoltaic panels, ensuring high levels of energy efficiency and promoting the sustainability of the development. The location stands out for its easy access, proximity to all types of services, commerce, and major roadways, while also benefiting from a tranquil environment and high quality of life. A consistent proposal with high appreciation potential, ideal for developers and investors looking to develop a project with immediate viability in one of the fastest-growing areas of the Algarve. Olhão is increasingly establishing itself as a privileged destination for living and investing, combining authenticity, economic dynamism, and unique proximity to Ria Formosa.
  • Property type

    Land

  • Price/sqft

    $105

Features

  • Pool
  • Open Kitchen
  • Investment Property
  • Basement
  • Gate
  • Balcony

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Quelfes, Algarve, Portugal View on Google Maps
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Sr Properties Algarve

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Sr Properties Algarve
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Last updated
August 7
First listed
Jul 15
Listing reference
SR36426
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