Investing in a prime commercial plot in Olhos de Água, just 2 km from the nearest beach, is an opportunity not to be missed. This property is for sale at €13,900,000 and includes an approved project for a 4-star aparthotel, making it perfect for buyers looking to tap into the thriving tourist market in the Algarve. With a total plot area of 60,125 m² and a construction area of 19,800 m², there is significant potential for returns on investment in this high-demand location. Nestled within a vibrant community and only 3 km from the nearest golf course, the site is strategically positioned to attract holidaymakers year-round. The approved plans permit the construction of a maximum of 150 units across two storeys, thus offering a multitude of options for potential investors. Visitors can easily access Faro airport, located just 32 km away, adding further appeal for tourists. Moreover, with Albufeira merely 7 km away, property owners can benefit from the bustling atmosphere of one of the Algarve’s most popular destinations. The significant valuation and licensing for tourism use provide a lucrative investment pathway. This area is known for its beautiful landscapes and tranquil beaches, enhancing the appeal for a luxury aparthotel. Don’t miss your chance to own a slice of this fantastic investment. Contact us now to schedule a viewing!
Usage
Commercial
Type
Plot
Town
Olhos de Água
Parish
Albufeira e Olhos de Água
Municipality
Albufeira, Faro
Region
Algarve (Central)
Plot Area
60.125 m²
● Distance to the nearest beach 2 km
● The price includes the plot and the approved project but not the construction of the building
This plot has an approved project proposing the implantation of a 4 Star aparthotel for touristic use.
The total plot area has 60,125m² with a construction area of 19.800m² plus 4.800m² of basement area.
The approved construction of the buildings permits a maximum of 2 storeys and 150 units.
Location
• Distance to the nearest beach - 2 kms
• Distance to Faro airport - 32 kms
• Distance to Golf - 3 kms
• Distance to Olhos de Água - 2,5 kms
• Distance to Albufeira - 7 kms
