The best investment opportunity for a tourist aparthotel in the Algarve can be found at this exceptional plot in Olhos de Água. Priced at €13,900,000, it includes an approved project for the construction of a 4-star aparthotel. Located just 2 km from the nearest beach, this area is a hotspot for tourists year-round, guaranteeing high occupancy rates for potential investors. The total plot area of 60,125 m² allows for ample room to develop a significant tourist facility with up to 150 units. The strategic location near Albufeira, famous for its nightlife, dining, and beautiful beaches, further enhances its attractiveness. With an expanding tourism industry in the Algarve, this opportunity promises excellent rental potential and a strong return on investment. Marked by a robust tourist market and increasing numbers of visitors, the demand for quality accommodations is on the rise. Don't miss the chance to capitalise on this lucrative venture! Contact us today for more details and 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
