The investment potential for this plot near the beach in Olhos de Água is exceptional, with tourism continuing to drive demand in the Algarve region. Priced at €13,900,000, this prime plot of 60,125m² comes with an approved project for the construction of a 4-star aparthotel, making it particularly attractive for developers looking to tap into the lucrative tourism sector. Situated just 2 km from the beach, the appeal to holidaymakers is undeniable.
With a planned development of up to 150 units, the site is equipped to cater to the growing market for short-stay tourists. The proximity to nearby attractions, including a golf course 3 km away, enhances its desirability for a diverse clientele seeking both leisure and relaxation.
As tourism in the Algarve flourishes, this property stands to benefit from the increasing number of international visitors each year, promising solid rental yields and capital growth. Given that this plot is already set with approved designs for tourism facilities, you can save time and resources in what otherwise might be lengthy planning processes.
An investment here could generate excellent returns due to the location's strategic distance from major transport links, including Faro Airport, which is only 32 km away. If you are considering a solid investment in Algarve's hospitality sector, contact us today to discuss this 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
