The cost for this prime plot in Olhos de Água is €13,900,000, which includes an approved project for a 4-star aparthotel. Located just 2 km from the nearest beach, this plot measures 60,125m² with plans for up to 150 hotel units. The investment opportunity is remarkable given the proximity to Albufeira, a hotspot for tourists, and the potential for significant rental income in an area bustling with year-round visitors. Furthermore, the site is also conveniently located only 3 km from golf facilities, enhancing its attractiveness to both tourists and investors alike. With these features, the plot promises excellent ROI prospects for developers eager to tap into the lucrative hospitality market. Owning land that is project-approved strengthens your position in a competitive market. Take advantage of this unique offer that blends land value with development potential. Reach out today to learn more about this exceptional investment 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
