€4,600,000
Land with 9,108 m² total area with potential for construction of a residential project in Olhão, Algarve.
The land is sold with a preliminary information request (PIP) submitted to the Olhão City Council, indicating the possibility of building between 50 to 80 housing units in addition to the necessary parking spaces and support infrastructure. The land complies with the Olhão municipal master plan, classified as urban space in the structuring category.
The property is situated in a tranquil area of Olhão, offering a perfect balance between serenity and convenience. It is equipped with essential public services such as water, sanitation, and electricity, and benefits from easy access to amenities, commerce, and indispensable services.
According to the established development parameters, the land offers a usable area of 40%, gross utilization index of 1.2, maximum residential density of 80 units per hectare, and parking requirements of one space per 120 m² of built area.
Located a short distance from the vibrant center of Olhão and the Municipal Stadium, as well as the coastal area of Olhão Marina, close to the Ria Formosa Natural Park and beautiful beaches, the land is just 900 meters from the EN125 and a 15-minute drive from Faro International Airport, offering excellent connectivity and access to natural and urban attractions.
This property offers an excellent real estate investment opportunity in a privileged location with great development potential.
The information provided on this webpage has been obtained from sources believed reliable, this may be subject to errors, change of price, prior sale, or withdrawal without notice. Fine Luxury Property Ltd®, it’s partners and collaborators do not guarantee the accuracy of any information contained on our websites.
