The price for this prime plot of land in Olhos de Água is €13,900,000. This investment opportunity includes an approved project for a 4-star aparthotel, perfectly positioned just 2 km from the beach. Investors looking for a solid return on investment will find this area attractive, given its popularity in the Algarve throughout the year. The plot spans 60,125 m² with a specified construction area of 19,800 m² along with an additional 4,800 m² of basement space. With planning permission for 150 units over a maximum of 2 storeys, this development is designed to cater to the growing tourism market. Not only is the beach within easy reach, but this location is also conveniently located 3 km from a golf course, suitable for leisure and relaxation. Faro airport is merely 32 km away, ensuring easy access for international tourists and business travellers alike. Ideal for developers, this plot stands out as a lucrative opportunity in a sought-after destination. Get in touch with us today and seize the chance to invest in this exceptional plot!
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
