Olhos de Água presents remarkable investment opportunities, particularly with plots accommodating approved projects like the 4-star aparthotel for sale here. Positioned 2 km from the beach and within easy reach of local amenities, this area is ideal for year-round tourism. The approved plot allows for a construction area of 19,800 m² with a maximum of 150 units across two storeys, catering directly to the growing demand for hospitality services. Moreover, with a total land area of 60,125 m², investors have considerable flexibility to create an appealing destination for guests. Proximity to a golf course 3 km away and Faro airport 32 km ensures a steady flow of potential visitors. The thriving tourism sector in the Algarve is a significant draw for serious investors looking to maximise returns, making this property an enticing business venture. Owning a piece of Olhos de Água not only offers potential profit but also places you in a desirable location for attracting tourists. If you're looking to enter the lucrative hospitality market, now is the perfect moment to act. Reach out for more information and get ahead of the competition!
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
