The cost for a project-approved plot with beach access in Albufeira is €13,900,000. This prime piece of land is just 2 km from the nearest beach, making it an ideal location for developers looking to create a standout tourism destination. The plot features an approved project for the construction of a 4-star aparthotel, designed for touristic use, highlighting its potential for substantial investment returns. With a total area of 60,125 m² and a maximum construction area of 19,800 m², this plot allows for the development of up to 150 units across two storeys. Located in Olhos de Água, the property is conveniently situated only a short drive from Albufeira and Faro airport, appealing to investors who value accessibility. The thriving tourism scene in the Algarve further enhances the investment potential, allowing for lucrative rental opportunities year-round. The proximity to local golf courses, just 3 km away, also adds significant value for guests seeking leisure activities. Whether you're looking to develop a luxury hotel or an aparthotel, this opportunity should not be missed. Contact us now to inquire about this unique property and schedule a viewing.
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
