Olhão, Olhão, Algarve, 8700, Portugal

Urban plot of 9,108 m² | Residential development (150 units) in the final stage of approval | Swimming pool | Olhão

Opportunity for developers and investors: urban land with 9,108 m², intended for residential development, located in a growing area of Olhão, with good access and close to shops and services.

A development project with 10 blocks (A–J) is currently underway, featuring a communal swimming pool and outdoor areas, designed to meet current market demand. According to the project, it provides for the construction of 150 residential units, comprising 146 two-bedroom apartments (T2) and 4 four-bedroom apartments (T4).

Project/Land highlights:

Total land area: 9,108 m²

Gross construction area: 23,582.85 m²

Building footprint: 3,886.00 m²

Basement area: 8,383.30 m²

Pool area: 356 m²

Surrounding infrastructure available (water, electricity, sewage and access roads).

Layout includes green areas and internal circulation, designed for functionality and to enhance the overall value of the development (as per plans).

An ideal project for those looking for a large-scale asset with strong appreciation potential and solid market absorption (owner-occupiers and/or investment).

The land is sold with the project approved.

Location:
Olhão is a traditional and distinctive fishing town in the central Algarve, renowned for the excellent quality of its fish and seafood, as well as the unique, paradise-like islands visible from this beautiful town.

Olhão is 20 minutes from Faro Airport and about 3 hours from Lisbon, and 50 minutes from the Alentejo coastline.

Ref.: TE226NS