The price for this prime plot of land with an approved aparthotel project near Olhos de Água is €13,900,000. Located just 2 km from the beach and 3 km from golf courses, this site is positioned to attract tourists all year round. The 60,125m² plot offers a substantial opportunity for developers focused on the hospitality market. The project allows for up to 150 units, catering to the increasing demand for quality accommodation in the Algarve. This investment not only focuses on high occupancy rates but also on long-term rental potential. The vibrant local economy and the proximity to popular destinations like Albufeira further support strong profitability for future developments. Investing in such a prime piece of land is a decision that pays off, considering the area’s reputation for tourism. With infrastructure and amenities within easy reach, developers can expect high returns on their investment. If you're interested in developing a business in one of the Algarve’s most sought-after areas, this opportunity should not be missed. Reach out today for more information on how you can secure this investment!
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
