This approved aparthotel plot is located a mere 2 km from the nearest beach, making it an ideal spot for a tourism-focused development in Olhos de Água. With this close proximity, visitors will appreciate the convenience of enjoying the sun, sea, and sand just moments from their accommodation. The plot boasts an approved project for a 4-star aparthotel, featuring a total area of 60,125 m², designed to maximise both space and the potential for revenue generation. Additionally, it's situated just 3 km from a golf course, perfect for leisure opportunities. Investors can take advantage of the location's popularity for holiday rentals, ensuring a high occupancy rate. For those looking to enter the Algarve property market, this is an exciting venture. The well-thought-out project allows for a total of 150 units, which speaks to the high demand in this bustling tourist area. Don't miss your chance—contact us to explore this unique investment opportunity!
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
