Quinta in Olhão – Exceptional Investment Opportunity

€430,000

285 m² Total surface
37,160 m² Plot surface

Description

Looking for a one-of-a-kind investment in the charming Olhão? This Quinta presents an exceptional opportunity for renovation and development, with enormous potential for both residential and tourism projects. Property Overview: This property is composed of 3 distinct plots – two urban and one rustic – offering a variety of possibilities for transformation. Its proximity to both nature and the town centre makes it an ideal location for those looking to create a charming estate with endless potential. Details: Urban Plot 1: A single-story house with five rooms and an agricultural outbuilding. This home offers several renovation options, making it a versatile choice for development. Urban Plot 2: A ruin of a single-story house with four rooms, providing a solid foundation for reconstruction and transformation into a unique living space. Rustic Plot: Spanning a vast 3.716 hectares, this land is rich with various trees, includes multiple agricultural warehouses, an irrigation tank, and a traditional well. The extensive land and agricultural resources make it perfect for diverse project development. Development Potential: With ample space and versatility, this property is ideal for creating innovative tourism projects such as rural tourism or glamping, pending approval from the Olhão City Council. The combination of urban and rustic land offers a unique canvas for visionary investors looking to capitalize on the growing tourism market in the Algarve region. Why Invest? -Prime location in Olhão, a sought-after area for both tourists and residents. -Large plot size and diverse uses provide numerous development opportunities. -Perfect for investors aiming to create a significant impact in the expanding Algarve tourism industry. Don't miss this exceptional opportunity to invest in a high-potential project in one of the Algarve's most promising regions. For more information or to schedule a visit, contact the Engel & Völkers Faro-Tavira team. Let us help you bring your next real estate investment to life.

Features

GardenPatioGreen viewMountain viewOpen view

Engel & Völkers Faro - Tavira

+351 938 533 413

Your advisor: Dora Luís

Property ID: W-02X835

Location: Quelfes, Faro District

This property is located in Quelfes, Olhão, Algarve. Olhão is a municipality with a strong fishing tradition and a deep emotional connection to the Ria Formosa, Olhão boasts a newly inaugurated seaside promenade, marina, and recreational port. Here, you can dock your boat or take one of the ferries or water taxis that make daily crossings to the magnificent islands of Armona, Culatra, and Farol. This is a region of shellfish gatherers and high-quality fresh seafood, resulting in a proliferation of fine-dining restaurants in the city. Olhão is also famous for its fresh fish market and open-air markets selling local products. It is in this municipality that Quinta de Marim is located, known for its work in preserving species of the Ria Formosa Natural Park. In recent years, Olhão has been discovered by many foreigners and chosen by numerous artists to establish their studios. The municipality comprises the parishes of Olhão, Pechão, Quelfes, Moncarapacho, and Fuseta. With a history closely tied to the canning industry, Fuseta is now highly sought after by water sports enthusiasts, including sailing, windsurfing, and kitesurfing. Olhão has easy access to the A22 highway (Via do Infante), and is located approximately 20 minutes from Faro International Airport. In addition to restaurants, this city offers a wide range of services and amenities, such as both public and private schools, the International Clinic of Olhão, Ria Shopping mall, pharmacies, police, banks, bus and train stations, and public swimming pools.

Commission details

The Amounts related to outstanding fees of any kind, as well as registration costs for leases, must be paid by the owner. The mediator commission must be paid by the owner, as stipulated by the Portuguese law. Property availability upon agreement. This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot guarantee that it is accurate or complete at any time, therefore it cannot be relied to us any responsibility regarding that. This offer is subject to errors, omissions, price changes or withdrawal without notice, and it cannot be relied to us any responsibility for that.