The cost of land for an aparthotel near Albufeira beach is currently €13,900,000 for a prime plot in Olhos de Águia, with an approved project ready to move forward. This impressive area spans 60,125 m² and offers a significant construction area of 19,800 m²—perfect for building a luxurious accommodation option that can cater to both holidaymakers and business travellers. The picturesque location is just 2 km from the nearest beach, ensuring a steady flow of potential guests seeking seaside relaxation.
Moreover, being 3 km from top-notch golf courses enhances its allure, making it an attractive investment prospect. With the potential to house up to 150 units in a 4-star aparthotel configuration, you will have the opportunity to provide premium services to tourists. The region is well-known for its vibrant tourism, allowing for excellent rental yields. As part of the Algarve, it benefits from year-round tourism demand, giving owners a significant advantage. If you are looking to invest in the hospitality sector, this location will fulfill that aspiration with its strong visitor influx and growth prospects. Don’t miss this opportunity to acquire a promising investment for your real estate portfolio. Reach out today for further information and to arrange 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
