Magnificent Urban Space with Warehouse in Downtown Olhão

Magnificent investment opportunity in the historic centre of Olhão.
The property has a total area of 537 m², where a warehouse and an office are built, with 228 m² of covered area and a large backyard, offering great versatility of use.

There is a favourable Request for Prior Information (PIP), which confirms the possibility of constructing a building of up to 5 floors for housing, inserted in Urban Space, according to the PDM of Olhão.
The building must respect the existing alignments in the area and will have a mandatory connection to the public networks.
The existing warehouse can be kept for commercial/industrial or storage use, or integrated into a housing rehabilitation and development project, taking advantage of the strong construction potential of the area and overlooking the Ria Formosa.
The location is privileged as it is in a central area of the city.

Located in the city centre, just about 200 meters from the pier and Avenida 5 de Outubro, privileged leisure area, Municipal Markets, riverside area, restaurants, local shops and services.

Nearby:
Train station: 2 minutes walk;
Bus Station: 3 minutes walk;
Mother Church: 5 minutes walk;
Faro International Airport: 15 km;
Area with easy and free parking

The proximity to the pier for the paradisiacal islands of the Ria Formosa (Armona, Culatra and Farolbe others) makes this property especially attractive for residential, tourist or income projects.
This is a rare investment opportunity, in one of the most sought-after areas of Olhão, with high potential for appreciation.
Contact us for more information or to schedule a visit.
Energy Rating: Exempt.

The location shown is not the exact location, but an approximate location of the property.
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