The investment potential of a 4 Star aparthotel project in Albufeira is exceptionally high, especially considering the prime location just 2km from the beach. This plot, with an approved project for rent-focused tourism, covers a vast area of 60,125m² and offers a construction area of 19,800m², allowing for 150 units. With year-round tourism in the Algarve, this represents a lucrative opportunity for any prospective investor looking to capitalise on the hospitality industry.
Given its advantageous position, nearby amenities include a golf course just 3km away and proximity to popular destinations in Olhos de Água and Albufeira. The potential for a strong return on investment (ROI) is maximised by the tourist appeal of the Algarve region, known for its stunning beaches and pleasant climate.
While the plot is listed at €13,900,000, the inclusion of the approved project increases its value significantly, making it an attractive proposition. Developers will find this opportunity paves the way for a successful entry into the lucrative Algarve tourism market, especially given the demand for quality accommodations in the region.
Whether you are looking to develop a family-friendly resort or a luxury escape, this site offers the perfect foundation to achieve your vision. Don’t miss out on this unique chance to invest in a growing market. Contact us now to explore this investment opportunity in Albufeira!
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
