Sitting just 2 km away from the nearest beach, this desirable plot in Olhos de Água is an ideal setting for your new tourism project. Boasting an approved plan for the construction of a 4-star aparthotel, the site covers 60,125 m², with nearly 20,000 m² earmarked for development. With 150 units allowed to be built, this opportunity opens the door for an appealing hospitality venture just a short stroll from sandy shores. The proximity to local attractions and stunning coastal views makes this a prime location for future guests, ensuring strong occupancy rates throughout the year. With additional amenities like golf courses located only 3 km away, visitors can enjoy a variety of recreational activities. Whether you're a developer searching for the next lucrative project or an investor looking to tap into the Algarve’s tourism growth, this plot offers undeniable potential. Join others capitalising on this vibrant area and explore the opportunities it has to offer. Contact us today to discover more about this remarkable 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
