The cost of acquiring a land plot with an approved project for an aparthotel in Olhos de Água is €13,900,000. This investment is perfectly positioned just 2 km from the nearest beach, offering a strategic advantage in capturing the tourism market. The plot features an approved plan for a 4-star aparthotel which allows for 150 units distributed over two floors, enhancing the project's viability and rental potential. The substantial plot area of 60,125 m² includes a generous construction area of 19,800 m² and a further 4,800 m² basement space, catering to expansive hospitality needs. Being only 3 km from a golf course and 32 km from Faro airport makes this location desirable for visitors seeking both relaxation and activities. With Olhos de Água just 2.5 km away, guests have access to local amenities and attractions. This ready-to-build project minimizes the time to market, enabling you to start generating income sooner. Investing in this property allows potential buyers to tap into the thriving tourism market of the Algarve region. Don't let this opportunity pass by—explore this incredible offer today!
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
