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1 975 000 €
Land in Olhão, Olhão
Olhão, FaroLand in Olhão with multimedia
4 360 m²
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Land for sale
Plot of land with approved project and paid license for a gated community in Olhão, Algarve Investment Summary (Ready to Build): • Location: Olhão, Algarve (Entrances via Rua Dâmaso da Encarnação, 77 and Rua Joaquim António Aguiar). • Project Name: "Twins Villages" Gated Community (License No. 2/2019). • Total Area of Land: 4,360.00 m². o Total above-ground construction area (Ground floor + 1st floor): 2,398 m². o Total Basement Area: 1,364 m². • House Features: 2 floors above ground level + optional basement/lower floor, swimming pool and garage. • Infrastructure Value Already Executed: ~€515,000 invested on site. • Status: Fully infrastructured, walled, and ready to begin construction of houses immediately. • Common Parking for the Condominium: 19 spaces (Total for the Development: 25 spaces). Excellent real estate investment opportunity in Olhão, Algarve. This is an urban development, ready to build on for a luxury gated community, designed to guarantee maximum profitability, reduced risk, and total elimination of the usual municipal approval deadlines. The project has over half a million euros in completed infrastructure works and active licenses, allowing for the immediate start of construction. Infrastructure and Work Already Completed (~€515,000 invested) • Licensing and Deadlines: Architectural and specialty projects 100% approved. • Building permits paid for 7 out of 8 plots (valid until the end of 2026 / beginning of 2027). • Fees and Charges: All municipal fees and charges to the Olhão City Council are fully paid. • Electrical Network & Lighting: Connection made to the power transformer with its own 97.70 KVA E-Redes branch line, active electricity, and external lighting lamps for the condominium already installed and operational. • Efficient Water Management: Water supply and fire-fighting network connected to the public network. Includes a private water borehole connected to a 5,000L underground tank already piped for each plot (ideal for irrigation and domestic sewage, reducing condominium costs). • Sanitation and Waste: Domestic and rainwater sewage networks connected to the public network and solid waste equipment installed. • Telecommunications and Gas: ITUR network and gas distribution network connected to the public grid. • Urbanization and Security: Land modeling completed, streets, sidewalks, signage, landscaping, and technical area building for the condominium executed. Fully walled in reinforced concret
Details
Construction Year- -
Gross Area m²- -
ElevatorNo
Private Gross Area m²4 360
Living Area m²- -
GarageNo
Total Lot Size m²4 360
Price m²452 €
Floor- -
Location
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Origin Listing reference:id. KWPT-040171
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