Overlooking the Ria Formosa, with a view that extends to the Ocean, this land has an approved project, for the construction of 27 apartments, and the licence ready to be collected and paid for at the local Town Hall.
The apartments have generous areas, simple and contemporary design, with gardens or generous terraces, private parking and storage. There are different sizes apartments one bedroom (7 apartments with areas between 81 and 96m2), two bedrooms (19 apartments with areas between 99 and 142m2) and a three bedrooms flat with 137m2. Every apartment has amazing views over the Ria Formosa and the Atlantic Ocean. There is a communal swimming pool built in the area of the beautiful Natural Park of the Ria Formosa, this is a natural destination for foreign investment, both for holidays and permanent residence, just 20 km from Faro airport.
On the ground there are buildings for demolition, according to the project approved by the Olhao Town Hall.
There is also the possibility of acquiring the project as a co-investment with the current owner.