The potential rental returns for an aparthotel in Olhos de Água can be significant, making it an attractive investment for buyers. Given the plot's prime location, just 2km from stunning beaches and 3km from a renowned golf course, the demand for tourist accommodation is robust. The approved project allows for the development of a 4-star aparthotel, featuring up to 150 units across a total plot area of 60,125m². These units are perfectly positioned to cater to holidaymakers looking for a luxurious stay in a popular seaside location. With the growing influx of tourists to the Algarve, developers can expect high occupancy rates during peak seasons, yielding lucrative long-term rental returns. The area is also known for its vibrant local culture and amenities, enhancing guests' experiences and encouraging repeat visits. By investing in this opportunity, you’ll tap into a flourishing market with promising growth potential. Moreover, the proximity to Albufeira (7 km) and Faro Airport (32 km) adds to the appeal. This is a rare occasion to invest in a high-demand area. Explore the possibilities—contact us today for more information!
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
