The land for a 150-unit aparthotel in Olhos de Águia is available for €13,900,000, which includes the approved project but does not cover construction costs. This spacious plot allows for the creation of a luxurious 4 Star aparthotel, providing an incredible opportunity for investors focused on the booming Algarve tourism market. Covering 60,125m², the potential construction area of 19,800m² is large enough to accommodate a profitable hospitality venture.
Situated only 2km from the nearest beach and 3km from popular golf courses, this prime location ensures high visitor numbers year-round. Developers can take advantage of the proximity to Albufeira's vibrant nightlife and beautiful sandy beaches, which are favoured by both families and tourists.
Investing in this land will not only provide a substantial footprint for construction but also a chance to tap into the lucrative rental market. As tourism continues to thrive in the Algarve, opportunities like this are rare; they promise solid returns and high occupancy rates.
Explore this opportunity further and consider how this strategic investment could enhance your portfolio. Contact us now to schedule a viewing or for more details!
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
