Invest in Seaside Elegance: A Luxury Commercial and Residential Opportunity in Algarve
Embrace the captivating charm of Olhao, a gem in the Algarve region, known for its authenticity and traditional architecture with a thriving sense of both history and modern life.
This exclusive property, set in the storied Barreta district, is just a 4-minute walk to the seafront with its famous Market, cafes, bars and restaurants. Only, a 16-minute drive to Faro (FAO) International Airport, offering non-stop flight to most major European cities, UK, Toronto and soon New York City.
The property spans an impressive 549,1 m² of total space plus 161.0 m2 (Terrace) on a 272,1 m2 plot, including a private garage. The space is unique in that it combines three separate plots (currently owned by the same single owner) into a desirable corner location in the most sought-after areas of Olhao.
With already approved architectural designs and a building license, this property has the potential to become a luxurious boutique hotel or an upscale private residential haven as just two examples of how it could be transformed.
The elegant designs have been created by a renowned Portuguese architect seeking to enhance the property's elegance and high ceilings - 3.15 / 3.40 meters on the ground floor and 3.60 meters on the first. Optional skylights can flood the space with natural light and ventilation, creating an inviting atmosphere throughout. Essentially, the design includes an elevator and comprehensive disability access, ensuring both comfort and peace in any situation.
The massive rooftop offers the possibility of an infinite pool overlooking the sea.
With many years of experience in real estate, we affirm the rarity of this property: its prime LOCATION, meticulous plan including creative design, plus versatility for a mix of Residential and Commercial use make it a truly unique opportunity for development in the heart of the Algarve. With an active building license, you can start construction immediately, customizing the space to your exact specifications with simplicity. This may well be anyone's LAST chance to own such a distinctive property in Olhao, Algarve.
Energy Rating: B
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