Buying a plot with an existing ruin for development in the Algarve is a worthwhile consideration, especially with a property like this one in Boliqueime. Available for €3,500,000, this 7,598m² plot not only offers sea views but also comes with approved planning permission for a large condominium project which is invaluable for investors.
Rather than starting from scratch, this site allows you to leverage the existing infrastructure while developing up to 15 homes, including luxury villas designed for comfortable living and ease of access to local amenities. The area boasts not only beautiful scenery but also essential services, making it an enticing locale for both residents and visitors.
The allure of this property is underscored by its proximity to the beach (10km) and vibrant town (1km), combined with communal leisure options like pools and playgrounds. Additionally, the investment potential is significant with high demand for properties in this idyllic region, promising excellent rental opportunities or resale value.
The strategic positioning and project approval mean less bureaucratic hassle and more focus on your vision. For buyers ready to turn their aspirations into reality, this plot is a spectacular opportunity ripe for investment. Contact us today to learn more and explore the potential!
• 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)
