Algarve, Olhão, Portugal

Land for Construction in Olhão, Land for the construction of a private condominium or houses in Olhão. A real estate investment with great potential.

This excellent buying opportunity is very well located in a quiet area, with easy access to amenities, commerce, and services such as schools, hospitals, supermarkets, restaurants, and public transport. Within a short distance is the center of the typical town of Olhão and the Olhão Municipal Stadium, as well as the riverside area of Olhão Marina next to the Ria Formosa Natural Park and the beaches. It is only 900 meters from the EN125 and 15 minutes from Faro International Airport.

It benefits from good access and public network services, mains water, basic sanitation, and electricity.

A request for technical information has been submitted to the Olhão City Council indicating the possibility of building 50 to 80 housing units, as well as parking spaces and necessary support infrastructures.

According to the summary zoning plan of the current Olhão Municipal Master Plan, this property is located in the urban space class in the category of structuring I.

For the preparation of urbanization and detail plans, this property is subject to the following parameters.

To build housing units,

Usable area, = 40%;
Gross utilization index, = 1.2;
Maximum Residential Density, = 80 units/hectare;
Parking, one parking space per 120 m2 of floor area, to be distributed between public and private parking.