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Approved Residential Development Plot, Quarteira

Overview

Category
Land

Property description

Excellent investment opportunity in one of the most sought-after areas of the Algarve. This 1,500 sqm plot with existing ruin is located in Quarteira, just 260 metres from the beach, in a prime location with strong appreciation potential. The property has an approved project for the construction of a modern building composed of two blocks, comprising 46 apartments of T1, T2 and T3 typologies, with a total construction area of 5,006.75 sqm dedicated to residential units. The project also includes 74 private underground parking spaces, 8 outdoor parking spaces, a condominium room, and 33 storage units. The building extends from level -2 to level 6, with Block 1 comprising 25 apartments and Block 2 comprising 21 apartments, ensuring a balanced and efficient layout. Within walking distance to the sea and close to all essential services, this project represents a unique investment opportunity in the heart of Quarteira, an area of high tourist and residential demand.