The cost of £13,900,000 is the price for a prime plot in Albufeira that includes an approved project for a 4-star aparthotel, making it an excellent investment for developers. Located merely 2 km from the nearest beach and close to key amenities, this 60,125 m² plot is primed for lucrative hospitality ventures. The architectural plans include 150 units across two storeys, designed for maximum tourist comfort in a high-demand area. Developers looking to create an aparthotel will appreciate the rental potential given the popularity of the Algarve region. With an additional base area of 4,800 m², there is ample space for underground facilities, further enhancing the offerings. The strategic location ensures easy access to both the vibrant town of Albufeira and local golf courses only 3 km away. These factors make it not just a real estate purchase, but a strategic investment in a flourishing market. Potential buyers should act quickly to secure this outstanding commercial opportunity. Explore the numbers further and don't hesitate to reach out for more details about this promising investment proposition.
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
