Investing in property with substantial rental potential near the Algarve beaches is made easy with this approved plot in Olhos de Água. The strategic location, just 2 km from the beach, positions it perfectly for catering to the tourism sector, which flourishes in this region. This 60,125 m² plot features an approved project for a 4-star aparthotel, offering up to 150 rental units to meet the market demand. With the Algarve attracting thousands of holidaymakers throughout the year, investors can anticipate impressive occupancy rates, enhancing long-term financial benefits. The plot's proximity to various amenities, including golf courses and the town of Albufeira, enriches its marketability and appeal. Furthermore, with construction for 2 storeys permitted, you can maximise your investment by leveraging the available space creatively. The Algarve's continual growth as a premier tourist destination guarantees that your investment is poised for success. Explore this opportunity further by reaching out today—don’t miss the chance to secure your future in this vibrant market.
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
