For anyone considering investing in the Algarve, this plot in Olhos de Água represents a top-tier investment opportunity for developing a tourism business. With an approved project for a 4-star aparthotel, this 60,125 m² site is situated just 2 km from a beautiful beach, ensuring high tourist footfall. The plans allow for 150 units across two levels, making it well-suited to capture the growing tourist market in the region. Given the popularity of this area all year round, prospective developers can expect high rental yields, thus providing substantial return on investment. Being nearby attractions such as golf courses and the bustling town of Albufeira adds immense value to the property. Additionally, the other offerings within the area cater well to both leisure and business travellers alike. The plot is available for £13,900,000, a competitive price considering the approved plans and location. Investors should take advantage of this opportunity to capitalise on the booming tourism sector in the Algarve. Connect with us now to get personalised advice and discuss viewing arrangements!
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
