Investors seeking lucrative opportunities for tourist rentals in Albufeira will find this plot with an approved aparthotel project particularly attractive. Priced at €13,900,000, this plot spans 60,125m² and already has green lights for a 4-star establishment, making it a prime target for those looking to benefit from the flourishing rental market in this acclaimed tourist destination.
The region sees a constant influx of visitors, promising significant rental yield given its proximity to beach activities, just 2 km away, and golf facilities only 3 km from the site, appealing to diverse tourist interests. The ability to develop 150 units over two storeys creates a multifaceted accommodation offering that can cater to varied holiday preferences.
Albufeira's vibrant nightlife, shopping areas, and family-friendly attractions ensure high demand for well-appointed rental properties, making this development project highly likely to provide rapid returns. The area is well known for its sun, scenery, and cultural experiences, making it enticing for holiday-makers year-round.
Potential investors will appreciate the modern conveniences available nearby, enhancing guest satisfaction and making stays more memorable. The approved project provides a clear blueprint for success and offers peace of mind for those investing in such a dynamic market.
Seize the opportunity to capitalise on Albufeira's tourism boom and secure your stake in this prime location. Contact us now to explore how this investment can fit into your portfolio!
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
