The approved plot for sale is conveniently situated just 2 km from the nearest beach and 3 km from local golf courses, making it an ideal location for an aparthotel. The proximity to these attractions ensures that future guests will enjoy easy access to both relaxation and leisure activities, enhancing the property’s appeal. This 60,125m² site is perfect for developers seeking to tap into the booming tourism market of the Algarve. With the design allowing for up to 150 units, the investment is strategically positioned to attract a steady flow of visitors year-round. Investing in a location with such desirable amenities is crucial for maximising rental potential and ensuring high occupancy rates. Albufeira, only 7 km away, continues to be a hotspot for holidaymakers seeking quality accommodation. The local area thrives with nearby restaurants, shops, and entertainment options, making it a sought-after destination for tourists. Given the steady increase in real estate demand in the Algarve, securing this plot presents a unique opportunity for lasting financial growth. Don’t wait too long; locations like this are in high demand. Contact us today to learn more about acquiring this fantastic investment!
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
