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Olhão, Olhão, Algarve, 8700, Portugal

£7,701,170
€8,900,000
Cluttons, London
PROPERTY TYPE

Land

SIZE

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Key features

  • Land
  • Town/City
  • 98038 Approx Sq ft

Description

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

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
FloorplanFloorplan
2

Olhão, Olhão, Algarve, 8700, Portugal

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NEAREST AIRPORTS

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

Advice on buying Portuguese property

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

About Cluttons, London

Yarnwicke, 119-121 Cannon Street, London EC4N 5AT

Today, the world of property is changing faster than ever before. We have also changed to help our clients keep pace and take advantage of new markets and opportunities. As the big players get bigger and more process driven, our clients have told us there is a real gap in the market for high quality service to be delivered at scale with a personal touch. Cluttons differs from other companies because we offer a truly partner led service. Each client assignment is led by a partner who has a vested interest in delivering sound advice that our clients can trust.

Whether managing the portfolio of a global technology giant, offering funding advice, selling land, valuing an unusual property or letting a home, we make it easy. We don’t wait to be asked. We deliver ideas and solutions that improve the efficiency and value of your assets. And when it comes to advice, we cut to the chase, because we know the best decision is an informed decision. There through every step of the process, we keep things straightforward, simplifying complex challenges and ensuring your peace of mind.

For more information on the services we offer, please view our company brochure.

Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by Cluttons, London (reference 126271_INT260002) 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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