The approved land for sale in Olhos de Água is located just 2km from the pristine beach, making it an ideal choice for developers aiming to attract beachgoers and tourists. With an approved project for a 4 Star aparthotel, this site is perfectly positioned to maximise tourist interest and rental income.
The Algarve’s consistent warm weather and beautiful coastal landscapes draw visitors year-round, ensuring that any investment here is lucrative. In addition to its proximity to the beach, the plot is also 3km away from the nearest golf course, enhancing its appeal to a wide array of potential guests.
The total area spans 60,125m² with a designated construction area of 19,800m², allowing developers plenty of space to create a desirable tourist destination. With a maximum of 150 units permitted, the potential for substantial rental yield is significant.
Additionally, its location in Olhos de Água places it within easy reach of local amenities, restaurants, and shops, further augmenting the potential for commercial success. This project not only promises a beautiful setting but also a strategic advantage in attracting repeat visitors.
If you’re looking for land that combines proximity to the beach with investment potential, this is the perfect opportunity! Contact us today to discuss this captivating plot!
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
