For those seeking investment opportunities in commercial plots, this approved project for an aparthotel in Albufeira is a standout choice. With a competitive price of €13,900,000, the plot in Olhos de Água presents a solid investment proposition, especially for developers looking to capitalise on Algarve's thriving tourism market.
This sizeable plot measures 60,125 m² and offers a detailed plan for the construction of a 150-unit aparthotel, including substantial basement space as well. Notably, the project enjoys approval for two storeys, allowing for a generous design that maximises rental income potential.
The location merits top consideration, being just 2 km from the beach and within easy reach of golf courses, restaurants, and local shops. The nearby Olhos de Água and Albufeira towns further enhance appeal, as they are popular with both tourists and locals alike.
Additionally, the proximity to Faro's airport (32 km away) supports accessibility, boosting the attractiveness of this investment for international visitors. With year-round tourism ensuring steady demand for accommodations, acquiring this plot represents a strategic move for any commercial developer. Don’t hesitate to take advantage of this prime opportunity; contact us for more details or to arrange a site visit.
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
