This commercial plot in Olhos de Água, with an approved 4-star aparthotel project, is available for sale at a competitive price of €13,900,000. For serious buyers, this presents an exceptional chance to invest in a property that is not only strategically located just 2km from the beach but also poised for capitalising on Algarve’s booming tourism sector. The plot boasts a maximum construction area of 19,800m² and a basement area of 4,800m², allowing for substantial development opportunities. The approved project includes plans for 150 units across two storeys, which is ideal for catering to the diverse needs of tourists flocking to the region. With facilities nearby, including golf courses and essential amenities, your developable property holds a positioning advantage. Furthermore, with the steady influx of tourists each year, the demand for high-quality accommodation makes this an attractive investment choice. This is a unique chance to get involved in a commercial property that offers significant rental potential. Investing in this plot isn’t just a possibility; it is an opportunity to enhance your portfolio with premium real estate in the Algarve. Secure your future and explore how this plot stands out in the competitive market. Contact us today for more details and to discuss how this investment fits into your goals.
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
