Investing in a tourism project near the Algarve coast has never been more appealing, especially with our approved plot in Olhos de Água. This plot, priced at €13,900,000, comes with a sanctioned project for a 4-star aparthotel, strategically positioned just 2 km from the beach. This ideal location not only offers guests easy access to sun and sand but also places you in proximity to major attractions, including golf courses and vibrant local culture. The approved plan encompasses a total area of 60,125 m² with a construction area of 19,800 m², paving the way for up to 150 tourist accommodations. Such specifications make this an ideal investment for developers seeking substantial annual rental returns. The location guarantees a year-round influx of tourists, meaning your investment is likely to yield excellent long-term returns. The booming tourism industry in the region offers significant guarantees for profitability, making this an opportunity worthy of consideration. Don’t hesitate; reach out to us today to explore this lucrative investment option.
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
