The cost of a prime commercial land plot for tourism development in Olhos de Águia is €13,900,000, which includes an approved project for constructing a 4-star aparthotel. Spanning 60,125m², this plot is strategically located just 2 km from the nearest beach and 3 km from a renowned golf course. With an approved maximum of 150 units across two storeys, it is a fantastic investment opportunity for serious buyers looking to enter the lucrative Algarve rental market. The drive to the bustling town of Albufeira is only 7 km away, offering convenient access to local amenities, shops, and providers for tourists. Besides its proximity to beautiful beaches, the site's elevation provides stunning views of the coastline. The project’s design includes a significant basement area of 4,800m² for potential leisure or service facilities. The combination of tourism demand and outdoor activities makes this area ideal for hospitality investments. The buyer can leverage the growing tourism sector in the Algarve, which is popular year-round. Don't miss out on securing this valuable piece of land in a sought-after destination. Contact us now to discuss this opportunity 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
