Purchasing a plot in Olhos de Água for an approved aparthotel project is a straightforward process, especially with this ready-to-develop site currently available. This strategic investment opportunity, located just 2 km from the beach, ensures that you can tap into the lucrative tourist market in the Algarve. To begin, it’s essential to connect with a local property agency experienced in commercial real estate transactions, like ICONICA Properties. With a competitive price of €13,900,000 for the 60,125 m² plot and approved construction project, this offers a clear path to your investment goals. The area is also renowned for its rich tourist culture, ensuring a constant influx of visitors year-round, thereby promising fruitful returns on your investment. Familiarise yourself with local regulations regarding construction and business operations to streamline the purchase process. This plot is also well-positioned near key amenities such as golf courses, enhancing its attractiveness. Engage with professionals to understand financing options and potential ROI thoroughly. This is the perfect opportunity to make a beneficial investment. Don’t hesitate; contact us today to learn more about how to seize this opportunity!
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
