The investment potential of a plot designated for a 4-star aparthotel near Albufeira is exceptionally high, especially with an approved project in place. Selling for €13,900,000, this plot is strategically located only 2km from the beach and within easy reach of the golf course, making it an attractive choice for holidaymakers. With the ability to construct 150 units across a shareable area of 19,800m², this investment can yield significant returns due to the high demand for accommodation in this popular tourist region of the Algarve. Owners are likely to benefit from lucrative rental yields, especially in peak seasons. Moreover, the location is ideal for attracting families and golf enthusiasts, further enhancing occupancy rates. The ease of access to Albufeira and other major Algarve attractions bolsters the appeal of this opportunity. For those interested in a robust real estate investment, this plot represents a solid choice. Reach out today to explore this unparalleled investment 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
