Investing in a commercial plot for hotel development in the Algarve starts with this incredible opportunity in Olhos de Águia, where a plot is available for €13,900,000. This plot comes with an already approved project for a spacious 4-star aparthotel, providing a streamlined pathway to capitalising on this vibrant region's massive tourism potential. Covering a substantial area of 60,125 m², the project allows for nearly 20,000 m² of construction, making it an enticing prospect for experienced developers.
The location, just 2 km from stunning beaches and within easy reach of Albufeira and Faro airport at 32 km distance, makes it appealing to a broad audience of potential guests. Designed for optimal tourist accommodation, it permits up to 150 units across two storeys, catering to increasing demands in the hospitality market.
With the Algarve being a strategic hub for international holidaymakers, the potential for high returns on investment is significant. The plot benefits from a year-round influx of tourists, especially during the summer months. Thus, this is an opportunity that savvy investors should consider. Engage with us to take the first steps toward securing this premium location and plot for future hotel development.
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
