The aparthotel project in Olhos de Água includes a substantial total land area of 60,125m², which is a rare find in the region. This vast plot is designated for a 4-star aparthotel, with an approved project that allows for construction across 19,800m² and an additional 4,800m² of basement space. As developers explore options to create a hospitality offering, this significant land size supports the possibility of developing up to 150 units in a maximum of 2 storeys. The strategic location, just 2km from the beach and 3km from renowned golf courses, enhances its attractiveness to both owners and guests. The investment into this area is promising given the consistent tourism demand throughout the year. With Albufeira only 7km away and Faro airport within reach (32km), accessibility adds to the investment allure. Whether for commercial gain or personal interest, this plot presents ample opportunity to establish a high-value property in the Algarve. Don’t hesitate to ask about this incredible offering; contact us to learn more!
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
