The approved project for a stunning aparthotel in Albufeira encompasses a generous plot size of 60,125m². This significant space allows for expansive building options, with an approved construction area of 19,800m² dedicated to guest accommodations. Situated in the picturesque Olhos de Água region, this prime location is a mere 2km from the nearest beach, perfect for offering your future guests easy access to sun and sea. The plot also has an approved plan for an additional 4,800m² basement area, allowing for possible amenities and storage solutions that can enhance guests’ experiences. With the ability to develop up to 150 units spread over two storeys, this property represents an exciting investment opportunity aimed at catering to the year-round tourism market. Being close to local attractions, including multiple golf courses and the vibrant town of Albufeira, only enhances its appeal to potential visitors. Investing in this property means stepping into a flourishing tourism sector with high returns on rentals. The competitive price of €13,900,000 presents a well-positioned opportunity for developers and investors alike. Don't hesitate to take the next step toward securing this impressive plot. Reach out now to discover more about this exceptional investment opportunity in Albufeira!
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
