The cost of this land with an approved project for an aparthotel in Albufeira is €13,900,000. Positioned just 2 km from the beach and close to top golf courses, this plot is an excellent investment for those looking to enter the lucrative tourism market. The plot spans 60,125 m², with a construction area of approximately 19,800 m², enabling developers to create a stunning aparthotel. This property’s strategic location not only attracts tourists but also offers great potential for a thriving rental business. The approved project includes up to 150 units in a two-storey structure, ensuring plenty of space for guests. With Albufeira only 7 km away and Faro airport just 32 km from the site, accessibility is a key feature that adds value to this property. This investment stands to benefit from the Algarve’s popularity as a holiday destination, boasting year-round tourism. Don't let this chance pass you by to secure land in a growing market. Reach out to us today to learn more about this exceptional offering!
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
