Urban property with residential development potential An opportunity for developers and builders seeking to undertake a residential project in Olhão, with the scope to shape the development from the outset and plan its future marketing and sales strategy. With a total site area of 537 m², this urban property comprises a single-storey building with a footprint of 228 m² and an adjoining outdoor area, providing a basis for exploring a residential redevelopment scheme. The available municipal information places the property within the Espaço Urbano Estruturante I planning category and indicates that, in general terms, a land subdivision scheme or the construction of a building may be possible, subject to the Municipal Master Plan (PDM) and other applicable conditions. It refers to a maximum of five storeys, subject to the proposed scheme and the relevant approval. For developers, the opportunity lies in assessing an apartment development for sale or a residential investment intended for letting. The mix of apartment types, number of units and saleable floor areas should be established through a feasibility study that brings together development capacity, construction costs and the market positioning of the finished product. Its inclusion within an Urban Rehabilitation Area (ARU) places the property within the citys regeneration strategy. Asking price: €500,000. An asset for investors with development vision and the capacity to deliver, seeking to turn planning potential into a property project supported by technical and financial analysis. Contact us to arrange a viewing. The municipal information was issued under the statutory right to information. The construction area and number of units depend on the feasibility of the specific scheme and the necessary approvals.
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