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Algarve, Quelfes, Portugal

€8,900,000
Alamo Real Estate, Almancil
PROPERTY TYPE

Land

SIZE

98,038 sq ft

9,108 sq m

Key features

  • Near city center
  • Near green areas
  • Bedrooms: 0
  • Near school
  • Near public transportation

Description

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
#ref:AMO_344

Algarve, Quelfes, Portugal

Approximate location

NEAREST AIRPORTS

Distances are straight line measurements
  • Faro(International)
    8.6 miles

Advice on buying Portuguese property

Learn everything you need to know to successfully find and buy a property in Portugal.

About Alamo Real Estate, Almancil

Why Álamo?

At Álamo Real Estate, we pride ourselves on building long-term relationships with our clients, which allow us to provide personalized, targeted and a complete service. We believe that personal interaction and absolute trust is a crucial part of ensuring every client is matched to the property/project that best suits their needs. Our widespread and effective network of contacts is maintained through open, transparent and sincere professionalism, displaying integrity and strong moral ethics throughout.

We speak to buyers, sellers, landlords and tenants almost every day, which ensures us that we have the most accurate, up-to-date knowledge of the current real estate market in the Algarve.

Our dedication for our clients speaks for itself, with discretion and incisive knowledge, our expertise is why clients make us their advisers of choice – from providing niche property investment projects to promoting luxury developments, we’ve been there, done that.

Notes

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This is a property advertisement provided and maintained by Alamo Real Estate, Almancil (reference 295871_25214740) 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.

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