Land with Approved Project for 46 Apartments | Investment Opportunity in the Algarve

Land with Approved Project for 46 Apartments | Investment Opportunity in the Algarve

Quarteira, Loulé, Faro

Sale5 940 000 €

Overview

Area8527 m²
TypeTerreno urbano
Reference0279_26

Description

Urban plot with approved project for the construction of a residential building comprising 46 apartments, located in Quarteira, just 300 metres from the beach, with excellent access and a well-established urban setting.

Development designed to meet the high demand for contemporary housing, whether for permanent residence, second home, or investment purposes.The project foresees a building with 2 blocks and 6 floors, comprising 7 one-bedroom apartments, 32 two-bedroom apartments, and 7 three-bedroom apartments, offering a balanced mix of family-oriented typologies and investment units.

The development includes 74 private underground parking spaces (including spaces adapted for reduced mobility), 8 public parking spaces, as well as storage rooms and a condominium room.

Set within an urban area served by shops, services, and public transport, the plot benefits from highly competitive distances to several points of interest:

- 150 m – Shops, Supermarkets, Gym, Restaurants;

- 300 m – Beach;

- 4 km – Vilamoura Private Hospital;

- 4.5 km – Vilamoura Marina;

- 7 km – Nobel International School;

- 9 km – A22 Motorway;

- 22 km – Faro International Airport.

With a Gross Construction Area of 8,527 sqm, this asset positions itself as a premium investment opportunity in the region.

Contact us for further information.

Features

Reference
0279_26
Purpose
Sale
Price
5 940 000 €
Location
Quarteira, Loulé, Faro
Type
Terreno urbano
Total area
8527 m²
Useful area
8527 m²

Location

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Quarteira, Loulé, FaroProperty location

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