The cost of this prime plot for a 4-star aparthotel in Olhos de Água is €13,900,000. Just 2km from the nearest beach, this investment opportunity offers a substantial total plot area of 60,125m², with an approved project for construction. Designed for the development of 150 units across a maximum of 2 storeys, this project is ideal for buyers seeking rental potential in the vibrant Algarve region. Just 3km from some of the best golf courses, it caters not only to tourists but also to golf enthusiasts. The area enjoys year-round appeal, ensuring a steady influx of visitors. With Faro airport only 32km away and Albufeira just a short drive, access to and from the property is incredibly convenient. Take advantage of this opportunity to develop a business in a popular tourist hub. The plot is suitable for a range of development activities, making it versatile and high-potential as an investment. Secure your future in real estate by investing in this burgeoning property market. Contact us today to inquire about this exceptional parcel and get started on your development journey!
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
