Investing in a commercial plot in Olhos de Água presents a remarkable opportunity, especially with an approved project for developing a 4-star aparthotel. The plot encompasses 60,125 m² and allows for a substantial construction area of 19,800 m², plus an additional 4,800 m² designated for basement space. With the ability to construct up to 150 units across 2 stories, this site is strategically positioned just 2 km from the beach and 3 km from an esteemed golf course, making it highly attractive for weekend getaways and longer holiday stays. The area's consistent tourist traffic ensures excellent rental potential and a viable return on investment. Easily accessible, the site lies only 32 km from Faro airport, allowing for a convenient arrival for potential guests. This represents a golden opportunity for any investor looking to leverage the growing demand for holiday accommodation in the Algarve. Embrace the chance to create a premier tourist hub in one of Portugal's favourite holiday destinations. Don't hesitate; inquire about this appealing opportunity and take the first step towards a lucrative 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
