Algarve, Olhão, Portugal
- PROPERTY TYPE
Land
- SIZE
7,664 sq ft
712 sq m
Key features
- Total area: 712 sqm
- House area: 2437 sqm
- Condition: Project
Description
This 712 sq.m plot of land is situated in a calm and pleasant residential area, just a short distance from the Health Centre and a nearby commercial area offering shops, a gym, a pharmacy, and other essential services.
The plot benefits from approved construction feasibility for a six-storey residential building, including a basement level with garage and storage areas. A project for the development is already approved, and the respective construction licence is issued and pending payment, meaning it can be activated at any time and construction may commence immediately thereafter. This represents a significant advantage in terms of timing and project execution.
The approved project foresees the construction of 20 apartments, with layouts ranging from two-bedroom to four-bedroom units, designed to offer generous interior spaces.
Particular emphasis is given to the top-floor apartments, each benefiting from a private terrace of approximately 80 sq.m, offering open views over the city and towards the sea, creating an exceptional outdoor living area.
The basement level includes private storage rooms and additional parking spaces, ensuring functionality and convenience for future residents.
With easy access to main road connections and Faro International Airport just 15 minutes away, this plot represents an excellent opportunity for investors seeking a well-located project with an approved development framework in the Algarve.
For further details about this investment opportunity, please contact us.
AlgarveProperty.com - AMI: 2196 - T.: 0
REF: TC237675D
About us:
We are Professional Real Estate Agents, conveniently located in the centre of Vilamoura, with a vast knowledge of the property market in the area, offering you the best selection of luxury villas, apartments, town houses and land, with Marina, Sea or Golf views, as well as a wide range of up market properties across the Algarve. Please visit our user friendly website, or Tel for a friendly chat.
Algarve, Olhão, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)7.1 miles
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Notes
This is a property advertisement provided and maintained by Algarve Property, Vilamoura (reference 99095_TC237675D) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.