The asking price for a prime plot with an approved aparthotel scheme in Olhos de Água is €13,900,000. This exceptional property not only provides a dedicated space of 60,125 m² but also comes with the valuable advantage of an approved project for a 4-star aparthotel. Located just 2 km from the picturesque beach, this plot is perfectly positioned to attract a steady stream of tourists, thanks to its proximity to the local attractions and vibrant atmosphere. The plans allow for the construction of up to 150 units across two storeys, making it a prime candidate for those looking to tap into the lucrative rental market. Moreover, the development is merely 3 km from a renowned golf course and only 32 km from Faro airport, enhancing its appeal to prospective guests. Investing in this plot represents an exciting opportunity to be part of the Algarve's thriving tourism landscape. With the potential for impressive ROI driven by year-round tourism, savvy investors should act quickly. Owning this property means stepping into a realm of endless possibilities for creating a successful hospitality venture. Explore this investment opportunity today! Contact us to arrange a viewing and get more details!
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
