This impressive plot in Olhos de Água, ideal for constructing a 4-star aparthotel, is priced at €13,900,000. With an approved project in place, you can confidently invest in a lucrative rental business in one of the Algarve’s most sought-after locations. Covering 60,125m², this plot allows for a large build with over 19,800m² allocated to the aparthotel itself, complemented by an additional 4,800m² for a basement area. Its proximity to the Mediterranean lifestyle benefits, including a mere 2km from the nearest beach and a short drive to Albufeira, enhances its appeal considerably. The area is a favourite among tourists, making this location perfect for a profitable business venture. The approved designs permit maximum occupancy of 150 units across two storeys, giving ample room for guest satisfaction and elevated holiday experiences. Investing here not only enriches the real estate portfolio but also assures a steady influx of travelers every season. The project allows you to tap into the vital tourism market, which is burgeoning with opportunities, especially in the Algarve’s sun-kissed climate. Don’t let this chance to purchase a well-positioned plot slip by. Reach out today for more insights on this investment that is ripe for development!
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
