The cost of a plot with approved construction for a 4-star aparthotel in Olhos de Água is €13,900,000, presenting a remarkable opportunity for investors. This substantial plot, located only 2 km from the beach and surrounded by golf courses, is perfectly situated to capture both tourist and local markets. With an approved project allowing for the development of 150 units across two storeys, this site is primed for a successful hospitality venture. The area boasts consistent demand due to beautiful surroundings and recreational amenities. Investors can expect a strong return on investment with the area’s growing appeal as a tourist destination. Nearby, you'll find an array of restaurants, shops, and recreational activities that appeal to visitors year-round. This project is perfect for developers looking to enter a high-demand market with great growth potential. Explore the possibility of capitalising on the tourism boom in the Algarve now. Don't wait too long, as such opportunities are rare; contact us today to discuss this investment further!
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
