The cost of the plot with an approved project for an aparthotel in Olhos de Água is €13,900,000. This prime investment opportunity covers a total area of 60,125m², which includes a construction area of 19,800m² plus an additional 4,800m² for the basement. The project permits the construction of a 4-star aparthotel with a maximum of two storeys and 150 units, making it perfect for buyers looking to tap into the lucrative tourism sector in the Algarve. With beaches just 2 km away and golf courses within 3 km, the location offers significant appeal to holidaymakers year-round. It is not only an ideal investment for those interested in the hospitality industry but also a strategic opportunity for developers seeking to expand their portfolio in a thriving region. The proximity to Albufeira further enhances its attractiveness, given that it's only 7 km away. This investment allows for direct engagement in the area’s busy tourism market. Additionally, the site is accessible from Faro Airport, only 32 km away, ensuring convenience for international guests. Ideal for long-term returns, contact us as soon as possible to secure this 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
