The cost for land suitable for a 4-star aparthotel in Albufeira is currently set at €13,900,000 for this prime plot of 60,125 m². This exceptional piece of property comes with an approved project that allows for a total construction area of 19,800 m², designed for maximising rental potential in this high-demand tourist area of the Algarve. Owning this land means having a future-ready foundation for a business in a locale renowned for attracting visitors year-round. Its proximity of just 2 km to the beach and its location within easy reach of vital amenities, including golf resorts and local attractions, ensures a steady stream of potential renters. This area is known for its vibrant tourist economy, making it an ideal choice for investors looking to capitalise on the growing hospitality sector. The commercial capabilities of this land promise strong returns, adding to its lure. Seize the opportunity to invest in a region that continues to thrive; contact us to learn more about this exclusive property sale!
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
