Investing in commercial land for aparthotel development in the Algarve presents unprecedented advantages, particularly for this plot in Olhos de Água. The property comes with an approved project for a 4-star aparthotel, making it an efficient choice for developers. With a total plot area of 60,125 m² and a construction area of 19,800 m², it's designed to accommodate 150 guest units across two storeys. The strategic location, just 2 km from the beach and 3 km from golf facilities, makes it especially appealing to tourists seeking luxury and convenience. With Algarve being a hotspot for tourism year-round, the rental potential is significant, providing a robust return on investment. Moreover, proximity to local amenities and attractions ensures high occupancy rates. This is a unique opportunity for investors eager to enter the lucrative hospitality market. The expected ROI is amplified by the growing tourist traffic in the region. Don't let this advantageous investment slip away; contact us to explore more about this exceptional offering!
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
