The approved project for a high-potential aparthotel in Albufeira is currently priced at €13,900,000. This includes a spacious 60,125 m² plot and planning permission for a 4-star aparthotel with a construction area of 19,800 m². With such significant investment required, buyers are guaranteed to benefit from the increasing tourism traffic in the Algarve region, especially when positioned just 2 km from the beach. The location is not only exquisite but strategically advantageous, being close to attractions like gold courses and vibrant local hotspots. The project allows for up to 150 units across two storeys, thereby maximizing your rental potential. Investing in this aparthotel can lead to impressive ROI in an ever-growing tourism sector. Understanding the potential for high occupancy rates is crucial—the Algarve is known for its allure to both domestic and international tourists. Get in touch with us to explore the financial details surrounding this exceptional investment 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
