This investment opportunity is strategically located just 2 km from the nearest beach and a mere 3 km from high-quality golf courses, making it highly attractive for both developers and investors. Situated in Olhos de Água, the plot boasts an approved project for a 4-star aparthotel, ensuring that it caters to the thriving tourist market looking for quality accommodations. The proximity to the beach not only enhances the property's appeal but also maximises potential rental income, particularly during the peak tourist season. With its scenic views and easy access to major attractions, this location presents a perfect blend of leisure and investment. Moreover, being just 7 km from Albufeira further widens its market reach. Properties in close proximity to such amenities have a greater chance of achieving high tenant demand, offering an excellent opportunity for a sustainable income. Take advantage of the beautiful Algarve coast and its limitless potential for tourism growth. For those serious about investing, contact us to learn more about how you can make this prime location your next project!
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
