Plot for sale
Loule, Algarve, Portugal
£5,205,885 *
[€5,980,000]
Full Description
Land with Approved Project for 46 Apartments 400m from the Beach - Quarteira
Unique investment opportunity in the heart of Quarteira, one of the most sought-after areas of the Algarve.
This 1,500 m² plot benefits from a privileged location, just 400 meters from the beach, surrounded by shops, services, restaurants and all the necessary amenities for daily life, as well as the strong tourist demand in the region.
The property has an approved architectural project for the construction of a 6-storey housing development, designed in a modern and functional way, optimising the land area to the maximum and ensuring excellent conditions of comfort and appreciation.
The project includes:
- 46 apartments:
- 7 T1 apartments
- 32 2 bedroom apartments
- 7 3 bedroom apartments
- Parking spaces
- Collections
- Parking space for bicycles
- Condominium room
It is a well-structured architectural project, designed to respond to the high housing and tourist demand in the area, combining functionality, comfort and efficiency in the use of space.
High potential for profitability
Quarteira has registered a growing demand for both permanent housing and tourist investment, driven by the proximity to the Vilamoura Marina, excellent beaches and leisure infrastructures.
This project has strong potential to:
- Sale of apartments in residential market
- Medium and long-term rentals
- Tourist exploration / local accommodation
- Investment for real estate developers
An excellent opportunity to develop a development in one of the areas with the highest real estate appreciation in the Algarve.
Energy Rating: A
#ref: SÒL_401
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