A plot with a commercial project in the Algarve is currently available for €13,900,000. This particular property in Olhos de Água not only offers the land but also comes with an approved project for a 4-star aparthotel, making it a prime real estate opportunity for serious buyers. With a total area of 60,125m² and a future capacity to develop 150 units, this location promises excellent growth potential in the thriving Algarve tourism market. The proximity to the beach and golf facilities (just 2km and 3km away, respectively) adds tremendous value, making it an enticing prospect for investors seeking high returns. This plot's strategic location allows for easy access to other prominent destinations such as Albufeira, ensuring consistent patronage year-round. For those considering commercial investments, this listing represents an appealing chance to enter a lucrative market. Don't hesitate to contact us for more information or 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
