The prime plot for a 4-star aparthotel in Olhos de Água is currently listed at €13,900,000, representing an exceptional investment for serious buyers. This price includes the plot and an approved project for development, which can transform the 60,125m² site into a lucrative tourist destination. The approved plans allow for 150 units and a total construction area of 19,800m², providing ample opportunity for developers. Situated just 2km from the nearest beach and close to Albufeira's bustling attractions, the location is ideal for generating high occupancy rates, particularly during peak tourist seasons. Additionally, with golf courses located nearby and Faro Airport just 32 km away, accessibility and convenience are assured. Investing in this aparthotel project not only offers a path to generating significant rental income but also positions buyers within a highly competitive market in the Algarve. This is a rare chance for investors looking to establish a presence in this vibrant tourism hotspot. Don’t wait; reach out today to learn more about this incredible opportunity!
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
