This remarkable plot for sale in the Algarve region, specifically in Olhos de Água, is listed at €13,900,000. Located just 2 km from the beach, it represents an exceptional opportunity for potential investors looking to capitalise on the tourism market. Covering a vast area of 60,125 m², this site comes with an approved project for a 4-start aparthotel, allowing for 150 units. The nearby amenities are plentiful, with restaurants, shops, and recreational facilities within easy reach, enhancing the attractiveness to both holidaymakers and long-term residents. The plot is strategically positioned to leverage the area's year-round tourist influx, making it a viable investment prospect. With potential for strong returns on investment, especially in the rental market, this is a deal not to be missed. Buyers should act fast to secure this prime location along the stunning Algarve coastline! Reach out today to find out more about this 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
