Investing in this plot with an approved project for a 4-star aparthotel in Olhos de Água is a strategic decision for any developer or investor. Located a mere 2km from the beach and 3km from a premier golf course, this property has enormous potential for attracting tourists year-round. The total land area of 60,125m² means that there is ample space to develop luxurious amenities that will meet and exceed guest expectations. The plan permits the construction of up to 150 units over two storeys, providing a perfect scale for both boutique experiences and large group accommodations. The nearby Albufeira area is a bustling hub for tourists, ensuring a consistent flow of business. This plot stands out due to its accessible location, making it an attractive investment option for those looking to capitalise on the Algarve’s vibrant tourism market. With the approved project in place, you save time and resources during the development phase. The potential return on investment is significant, especially as the demand for quality rental units continues to rise in the region. Moreover, as a unique opportunity for development, this plot offers flexibility and ease of access to local amenities. Don't miss out on this prime real estate opportunity in one of Portugal's hottest destinations. Contact us now to learn more about this promising 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
