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What is the cost of a plot with potential for nine en-suite rooms in the Algarve?

Plot in Olhão

ref. TV1693
495.000€
  • NA
  • 138m2
  • 18.000m2
  • Building Plot

The cost of the exceptional plot near Olh\u00e3o, with the potential for nine en-suite rooms, is €495,000. This price encompasses the plot itself, as well as the approved project that allows for significant development on the 18,000 m² land. This investment is attractive for those keen on creating a lucrative holiday rental or an extended family home, taking advantage of the beautiful Algarve coastline.

The plot has received clearance for a thoughtfully designed one-floor construction of 1,500 m² which could include spacious roof terraces and a basement garage, an exciting prospect for future buyers looking to create a unique living or rental experience. Given the rich agricultural landscape surrounding the property, there's also potential for returning to its roots by incorporating lush gardens and fruit trees.

Just 5 km from Olh\u00e3o's many amenities, you can enjoy all the conveniences of local shops, cafes, and vibrant outdoor markets. You’ll have easy access to stunning beaches including Praia dos Cavacos, making this location a desirable spot for both investors and homeowners.

Investing in this plot presents a remarkable opportunity for a profitable venture in one of Europe’s most sought-after regions. Whether you are planning to create a family retreat or a commercial holiday project, this land offers all you need for a successful investment.

Get in touch with us today to discuss this investment opportunity further!

Usage
Residential
Type
Plot
Town
Olhão
Parish
Quelfes
Municipality
Olhão, Faro
Region
Algarve (East)
Floors
2
Living Area
138 m²
Surface area
178 m²
Plot Area
18.000 m²
Driveway
well, Mains electric
Fruit Trees
Panoramic View, Countryside View
Building Plots
• Living Area: 138 m², Construction area: 178 m² – existing farmhouse
• Plot: 18,000 m²
• Year of Construction: pre-1951
• Project specifications available on request
• The price includes the plot and the approved project but not the construction of the building
• Short drive to town and all amenities
• Distance to the nearest beach 3 km

This property has enormous potential, with an existing old farmhouse (in ruins), other buildings and surviving, traditional agricultural features set in a large fertile agricultural plot of 18,000 m2, with only a few neighbours.

The existing ruin offers the opportunity to create a new house or to renovate and extend the traditional farmhouse. Recently, a project has been approved by the local council for a 1,500m2 construction including nine en-suite rooms, roof terraces and basement garage.

The ruin is located at the highest point of the diamond-shaped plot, in the northerly corner with the land sloping gently away from a ridge along the eastern boundary and descending in terraces to a brook that runs along western edge of the property. Access is via a 50m shared driveway from the tarmac road and, at the other end of the plot, a private path.

The land was used as a productive family farm with a mix of established trees including figs, olives, carobs, nêsperas, orchards of citrus and almonds, vegetable patches, arboriculture and watercourse beds. The surviving well, nora and cisterna are remarkable features, which could be restored, or the cisterna could be converted into a swimming pool.

The property would make an idyllic rural retreat for a family home or a fantastic agro-tourism or holiday project. Please contact our agency for more details.

Amenities

• Mains electricity, telephone and mains water for connection nearby
• Fertile land with established trees, orchards, market gardening
• Large well with good water readily available
• Other traditional agricultural features – nora, cisterna, eira and terracing

Location

• A short drive to Olhão (5 kms) with all its amenities and year-round entertainments and activities: supermarkets, banks, post office, restaurants, cafés, shops, pharmacies, medical centres, schools, newsagents, sporting facilities and public swimming pool, the famous fish market, marina, other markets and much more.
• Beaches: Praia dos Cavacos (3 kms), Praia da Fuzeta (8 kms), Praia de Faro (20 kms)
• Golf: Colina Verde (10 kms); Quinta do Lago Laranjal (23 kms); Benamor (25 kms)
• Faro International Airport: 18 kms
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