Investing in approved plots near the beach in the Algarve, such as the one in Olhos de Água, presents numerous benefits for savvy investors. Priced at €13,900,000, this plot includes plans for a 4-star aparthotel that can accommodate significant guest overflow during the peak tourism season. The strategic location just 2km from the beach guarantees a robust influx of tourists year-round, enhancing your potential revenue streams. Additionally, the approved project allows for development up to 19,800m² with 150 units planned, making it an investment with considerable space to cater to different guest needs. The close proximity to Albufeira, one of the Algarve's main tourist hubs, along with various local attractions, adds further value, making it easier to achieve high occupancy rates. Not only does this offer a solution for meeting high tourist demands, but it also ensures excellent rental yields and returns on investment. For anyone serious about capitalising on the booming tourism market in Portugal, this is an opportunity not to be missed. Reach out today to discover more about this investment!
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
