To purchase a prime development plot in the Algarve, look no further than this exceptional offering located in Olhos de Água. Priced at €13,900,000, this 60,125m² plot includes an approved project for building a four-star aparthotel, setting the stage for a rewarding investment. Steps from beautiful beaches and nearby golf courses, this site is situated in an area that boasts a high volume of tourist traffic year-round. The advantages of this plot extend beyond its location; its residential zoning and approved plans provide a streamlined approach to development. With 150 units permitted across two storeys, potential returns on investment are hugely appealing. Furthermore, the area’s frequent visitors ensure a consistent rental yield, making this an attractive prospect for developers. If you're serious about investing in the Algarve, now is the time to take action. Join the region’s flourishing developer community and be part of something special. Get in touch with us today to discuss your options!
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
