A plot for a 4-star aparthotel near the beach in Algarve is available for €13,900,000, including an approved project for development in Olhos de Águia. Situated only 2 km away from the beautiful beaches of the Algarve and just 3 km from a golf course, this property is perfect for investors focusing on holiday rentals. The total area of 60,125m² allows for the construction of 150 units, commanded by its two-storey height limitation, making it a profitable opportunity for tourism development. The region's year-round tourist influx and its proximity to Albufeira enhance the investment appeal, promising substantial returns. The existing project also offers a 4,800m² basement area which can further elevate the guest experience. With strategic access to local shops and restaurants, this location offers excellent lifestyle benefits for both tourists and residents alike. Those interested in capitalising on the Algarve's tourist economy should consider this excellent opportunity seriously. Reach out today for more details and schedule a viewing!
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
