Land With Approved Project For Allotment, Close To Ria Formosa And The Centre Of Olhão

Development plot located in Quelfes, with a total area of 9,108 sqm, set within a prime residential area known for its peaceful surroundings and close proximity to the Ria Formosa, just minutes from Olhão city centre.
The property benefits from good road access and is fully serviced by main public infrastructure, including water supply, sewage and electricity, offering ideal conditions for a medium to large-scale real estate development project.
According to the applicable urban planning parameters, the plot allows for the construction of a development of up to 150 units, comprising 146 two-bedroom apartments and 4 four-bedroom apartments, representing a solid opportunity for both residential purposes and investment.
Currently, there is an existing single-storey urban building on the site, consisting of 15 rooms and a yard, which may be renovated, adapted or demolished in line with the proposed development concept.
This is a distinctive opportunity to develop a project in one of the most sought-after areas of the Algarve, combining natural surroundings, quality of life and strong appreciation potential.
Energy Rating: Exempt
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