Urban plot with a pre-approved project for the construction of a high-end development of up to 80 units up to five floors and parking in the basement. The project also contains a swimming pool and tennis courts.
At present, it is a plot with an industrial warehouse with old bakery (2.536 m2 built area) just north of the N125 in Olhão. The land has a total area of 9 108 m2.
The property is located in the urban space class in the structuring category I.
Pursuant to the provisions of the P. D. M. , the preparation of urbanization and detail plans, it is subject to:
- Usable area, = 40%;
- Gross utilization index, = 1.2;
- Maximum Housing Density, = 80 dwellings/hectare;
- Parking, one parking space per 120 m2 of floor area, to be distributed between public and private parking lots.
It is situated in a quiet, residential area, easily accessible and close to shops and services, such as schools, supermarkets, Olhão Municipal Stadium, campsite, fishing dock, etc.
The property is also close to the Algarve Outlet shopping centre, the Olhão docks and just 20 minutes from Faro International Airport.
