Plot for sale
Olhão, Algarve, Portugal
£7,718,325 *
[€8,900,000]
Full Description
Land with approved project for 150 apartments - Olhão.
Right in the heart of one of the Algarve's most authentic and promising cities, a truly unique opportunity for real estate investment in Olhão is emerging. This is a plot of land with an approved project, ready to give way to a landmark residential development, designed to meet the growing demand for quality housing in a constantly appreciating region.
The project foresees the construction of a housing complex with 150 units, highlighting 146 two-bedroom apartments designed for a modern lifestyle, balancing comfort, functionality and high attractiveness for the owner-occupied and rental markets, complemented by 4 exclusive four-bedroom apartments, aimed at families and higher-value property buyers. The architectural proposal adopts a contemporary and sophisticated language, with careful optimization of areas and excellent use of the land, reflecting a clear vision of quality, efficiency and long-term appreciation.
The sale includes the approved project, which allows for a drastic reduction in development timelines and mitigates the risks normally associated with the licensing process, offering investors a solid, secure and distinctive foundation. The location, in a rapidly expanding urban area, benefits from excellent access, proximity to shops, services and essential infrastructure, as well as quick connections to the city's main roads, reinforcing the potential for continuous appreciation of the apartments.
This property represents more than just a real estate project: it's a strategic opportunity to create a large-scale, distinctive and high-return development in a resilient and growing market. A proposal designed for developers and investors who seek not only to build, but to leave their mark, with security, vision and ambition, in one of the most desirable destinations in the Algarve.
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Energy Rating: Exempt
#ref: CS-TU-94188
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