The approved project for the aparthotel in Albufeira comprises a total construction area of 19,800m², designed to accommodate 150 units across a maximum of two storeys. This plot, located in Olhos de Água, not only offers prime real estate but comes with all necessary approvals, making it an ideal investment opportunity. The project is strategically positioned just 2 km from the beach and very close to renowned golf courses, ensuring a steady stream of guests all year round. With a plot size of 60,125m², including a generous basement area of 4,800m², there’s ample space for a variety of amenities that can enhance guest experiences. This is a unique opportunity for those looking to invest in the hospitality sector, specifically targeting tourists who flock to the Algarve for its beautiful coast and recreational offerings. The financial potential is robust, given the area's popularity with holidaymakers which leads to high occupancy rates, particularly during the summer season. Being only 7 km from Albufeira and 32 km from Faro airport adds tremendous appeal for future guests. Those interested in capitalising on a growing market will find this project perfect for realising their investment goals. Make your move now and invest in the future of tourism in the Algarve! Contact us to discuss the project further.
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
