The cost of this prime plot with an approved project for an aparthotel in the Algarve is €13,900,000. This price includes the land area of 60,125m² and the valuable approved plans for a 4-star aparthotel. Such projects are rare, especially with proximity to the beach, just 2km away. The plot's potential to accommodate 150 guest units makes it an appealing prospect for serious investors. Located in Olhos de Água, you'll benefit from a desirable tourist location that attracts visitors year after year. Not only does it promise a healthy return on investment, but it also adds value due to its proximity to local attractions, boosted by the region's excellent tourism dynamics. Owning this plot means entering a lucrative market that is sought after by both local and foreign investors alike. For those exploring opportunities in the Algarve, this is a must-consider option. Reach out today to discuss this unique investment opportunity!
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
