The cost of this prime commercial plot for a 4-star aparthotel in Albufeira is €13,900,000. This price includes both the expansive plot of 60,125 m² and the approved project for constructing the aparthotel, making it an exceptional investment opportunity for developers and investors. Located just 2 km from the nearest beach and 3 km from the closest golf course, the site enjoys high visibility and accessibility, crucial for attracting year-round tourists. With a maximum construction area of 19,800 m² spread over two storeys and provision for 150 units, the potential for generating substantial income through rental is significant. Nestled in Olhos de Água, a vibrant area within the Algarve known for its beautiful beaches and leisure activities, this plot offers both idyllic scenery and a lucrative business opportunity. Given the increasing demand for accommodation in this popular tourist location, investing here promises a robust return on investment. Additionally, with Faro airport only 32 km away, accessibility for international tourists is a strong selling point. The plot provides ample space for the design of luxurious amenities that cater to modern hospitality trends. Don't miss this chance to secure a prominent site for your aparthotel venture. Contact us for more details and to arrange a viewing today!
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
