An investment property for sale in Boliqueime with an approved gated condominium project is available for €3,500,000. The opportunity consists of a 7,598m² plot, an existing ruin and approval for 15 residential houses. It is particularly suited to developers and investors seeking a defined Algarve project near the coast. The proposed condominium contains four T4 villas with offices and eleven T3 villas with offices. Every planned villa includes a basement, an individual pool and rooftop space. Shared facilities are intended to include a communal pool, an administration and meeting room, and a playground. The gated format may appeal to families, second-home purchasers and rental guests seeking privacy and community amenities. The plot occupies a highly elevated position close to the centre of Boliqueime. Distant sea views combine with broad countryside surroundings to strengthen the development’s lifestyle appeal. Mains water and drainage are listed among the existing site provisions. Access to the plot is described as easy, which may assist future construction and occupation. Boliqueime town centre is approximately 1km away. The nearest school is about 4km from the development. The sea lies roughly 5km away and local beaches are around 10km distant. Golf courses can also be reached within approximately 10km. Faro Airport is about 27km away for owners travelling from the UK and other international markets. The project could offer multiple exit routes, including individual villa sales or a retained rental portfolio. Actual ROI and rental performance will depend on build costs, final specifications, market conditions and the required approvals. Arrange a viewing and request the project information today to assess this Boliqueime investment opportunity.
• Plot Size 7598m²
• 15 House Condominium Project
• Mains Water and Drainage
• Close to Town and Amenities
• Easy Access
• Sea Views from the distance
This plot is located in a highly elevated position very close to the centre of Boliqueime, offering fantastic views across the countryside and sea views.
The approved project consists of a condominium with 15 houses. There will be four T4 plus office and eleven T3 plus office. All the villas will have a basement, individual pool and rooftop.
The condominium will also have its own room for administration and meetings as well as a playground.
• Distance to Sea – 5km
• Distance to Beach – 10km
• Distance to Nearest Golf – 10km
• Distance from Airport – 27km
• Distance to Nearest School – 4km
• Distance to Nearest Town – 1km (Boliqueime)
