The development plot for an approved aparthotel project in Olhos de Água is currently priced at €13,900,000, representing a substantial investment in one of Portugal's prime tourist destinations. This significant area of 60,125m² includes plans for a 4-star aparthotel, strategically positioned to thrive in a market plentiful with tourists. The site is ideally located just 2km from the nearest beach, ensuring a steady influx of visitors seeking quality accommodation during their holidays.
Investing in real estate here not only opens doors to lucrative rental income but also offers potential capital appreciation in a continually developing area. The vicinity boasts a 3km distance to the local golf course, enhancing the location's appeal to diverse tourists, from beachgoers to golf enthusiasts.
With a design allowing for a maximum of 150 units across two storeys, your investment comes with promising residential opportunities. Furthermore, given the plot's ideal positioning—2.5 km from Olhos de Água and only 32 km from Faro Airport—accessibility becomes a strong selling point.
Purchasing this plot is perfect for developers who understand the nuances of the Algarve real estate market and the upward trends in tourism projected for the coming years. Don't miss out on securing a profitable investment; reach out now for further details!
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
