The plot with an approved project for a 4-star aparthotel in Albufeira is available for €13,900,000. This investment not only includes the plot situated in the desirable Olhos de Água area but also a carefully crafted project that facilitates the construction of an aparthotel consisting of 150 units across 2 storeys. With the land extending over 60,125 m² and an additional basement area of 4,800 m², the potential for returns is remarkable, especially given its 2 km distance from the beach and a mere 3 km to the nearest golf course. For developers and investors, this location offers significant advantages, including year-round tourism appeal. Proximity to amenities and attractions enhances its desirability among future guests. The plot is strategically positioned, making it accessible from major cities and transportation hubs in the Algarve. This opportunity is perfect for those looking to make a strong investment in commercial property. Don't wait too long; properties of this calibre tend to attract considerable interest. Reach out to us today for further details or to arrange a site visit.
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
