Olhão, Faro 8700

Excellent opportunity for real estate investment in Quelfes, in the municipality of Olhão. It is an urban land with a total area of 9,108 m², inserted in an area in full urban expansion and with a strong demand for housing. The plot has an approved project for the construction of 150 housing units, spread over 10 blocks, with 5 floors each, in a total of 15 apartments per block, with basement, with communal pool and outdoor areas, designed to respond to the current market demand. The project includes mostly 2-bedroom apartments, in a total of 146 fractions, complemented by 4 4-bedroom apartments, offering a versatile solution for both own residence and investment in the rental sector. The 2 bedroom apartments consist of living room and kitchen in open space, pantry, a suite with dressing room, an additional bedroom and a bathroom. The T4 have an open space living room, pantry, three suites with dressing room, an additional suite and a bathroom. All apartments include balconies, reinforcing comfort and connection to the outside. Solar and photovoltaic panels are planned on the roofs of the buildings, ensuring high levels of energy efficiency and promoting the sustainability of the project. The location is distinguished by easy access, proximity to all kinds of services, commerce and main roads, while also benefiting from a quiet environment and high quality of life. A consistent proposal with high potential for appreciation, ideal for developers and investors who want to develop a project with immediate viability in one of the fastest growing areas of the Algarve. Olhão is increasingly asserting itself as a privileged destination to live and invest, combining authenticity, economic dynamism and the unique proximity to the Ria Formosa. Land Area 9.108m2 Pool Area 356m2 Construction Area 23,582m2