Inquiring about the cost of a plot near Olhos de Água for a 150-unit aparthotel? This remarkable property is listed at €13,900,000, which includes the plot and the approved project for development. Situated just 2 km from the beach and surrounded by stunning Algarve scenery, this plot offers a lucrative investment opportunity for any serious buyer.
The total area of the plot is 60,125 m², which is perfect for hosting an aparthotel with 150 units and additional basement space of 4,800 m². With an approved project permitting two storeys, this property is designed to optimise space for maximal return on investment.
Investors will benefit from the high rental yields associated with tourism in the Algarve. The plot's location is ideal, being close to local attractions, beaches, and golf courses, all of which add to its investment appeal.
Being just 3 km from a golf course and 32 km from Faro airport, accessibility and convenience are key advantages for future guests. Olhos de Água and the nearby town of Albufeira provide a vibrant lifestyle and ample amenities to draw in tourists year-round. This unparalleled investment opportunity won't last long; reach out to us today for more information and to arrange 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
