*EXCLUSIVE* Discover the potential of this house for renovation or reconstruction ideally situated on Rua Almirante Reis, one of Olhãos most promising and rapidly developing areas.

This property offers a blank canvas to create your dream holiday retreat, permanent home, or income-generating investment.

Located just a 5-minute walk from the Seafront and Markets, and only 800 meters from the exciting New Marina Development, this address combines convenience, charm, and potential.

Positioned within the Urban Rehabilitation Area (ARU) of Olhão, it benefits from potential tax incentives and reduced renovation costs.

A previously approved project by the renowned Sena Architects can be resubmitted. Their design envisions a charming 1-bedroom house spread over 2 floors, expanding the total construction area to +/-100 m² of thoughtfully designed living space, featuring a spacious rooftop terrace perfect for relaxing or entertaining.

Dont miss this rare opportunity to bring your vision to life in one of Olhãos most desirable emerging locations.

Olhão, a historic fishing and canning town, is the perfect blend of authenticity, culture and tourism that is no where else to be found in the Algarve. Surrounded by the beautiful natural landscape and wildlife of the Ria Formosa Nature Reserve, it is best known for its cubist architecture, beautiful facades, narrow streets, fresh produce markets and collection of islands that offer protection from the sea.
Only a 15 minute drive from Faro Airport, Olhão is increasingly becoming a destination for tourists and ex-pats who are seeking a more vibrant and authentic Algarve experience. An extraordinary place to live and visit thanks to a pleasant fusion of locals and foreigners making the most of everything Olhão has to offer.
Energy Rating: Exempt
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