Quatrim, Olhão, Faro

Details :- Reference: YWQB-T1787. Unique Investment and Rehabilitation Opportunity in Olhão!<br /><br />This property offers a plot of 10132m2, consisting of an urban building and a rustic building, with stunning sea views in Quatrim, Olhão. <br /><br />The urban building, although in ruins, has enormous potential for rehabilitation for a spacious villa with swimming pool, occupying up to 300m2, as well as space for the cultivation of an orange grove. <br /><br />The flexibility of this land allows not only the rehabilitation of the existing ruin, but also the possibility of expanding up to 300m2 AND/OR the creation of a Motorhome Service Area (ASA), providing a lucrative business opportunity with guaranteed parking and annual profitability.<br /><br />The City Council is open to the proposal to draw up a detailed plan for the area, including it in the PDM under review, with a focus on housing creation. <br /><br />This means that there is potential for 20 lots, providing a variety of real estate investment possibilities.<br />- 4 plots of 500m2 each, of detached villas with sea views;<br />- 8 plots of 160m2 each, of townhouses of typology 3;<br />- 8 plots of 120m2 each, of townhouses of typology 2.<br /><br />Located in a quiet area with a dispersed neighbourhood, the property is conveniently situated 800 metres from public transport and just 5km from the city of Olhão. <br /><br />The riverside area of Olhão, with its charming gardens and traditional markets, is only 7km away, providing easy access to the islands of the Ria Formosa. <br /><br />In addition, Faro Airport is at a distance of 19km, ensuring convenience for travellers and investors. <br /><br />This is truly a unique opportunity to invest in a property with unlimited potential in one of the most desirable regions of the Algarve.<br /><br />Book your visit now through our website! (Visit the videos section to learn how to do this!)<br /><br />For more information, please do not hesitate to contact us.<br /><br />'YOUR HOME IN THE ALGARVE' <br />Energy Rating: Exempt <br />#ref:TER_2603_VEND