Albufeira offers prime investment opportunities, particularly through plots with approved projects for developing aparthotels like the one in Olhos de Água. This particular plot is designed for a 4-star aparthotel and boasts a size of 60,125 m², which permits the construction of up to 150 units. The strategic location, only 2 km from the beach and close to essential amenities, enhances its appeal to both developers and investors. The popularity of the Algarve as a tourist hotspot ensures a strong demand for rental properties and thus a high potential return on investment. Also, the upcoming infrastructure developments in the region are set to further elevate the desirability and value of such investments. With an approved project, investors can capitalise on existing demand and establish a profitable business. Don’t hesitate to inquire further about this lucrative investment; such opportunities are rare and highly sought after. Contact us today to discuss this plot and how you can make your mark in the growing tourism sector!
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
