The investment potential of the plot for sale in Olhos de Água, just 2km from the nearest beach, is substantial. With an approved project for a 4-star aparthotel, this 60,125m² plot offers developers a unique opportunity to tap into the flourishing tourism market of the Algarve. Buyers looking to invest will benefit from a construction area of 19,800m² and a maximum capacity of 150 units across two storeys, making it ideal for tourism year-round. Olhos de Água is renowned for its picturesque beaches and proximity to amenities, enhancing rental potential. With Albufeira only 7km away and Faro Airport 32km from the site, accessing major attractions will be convenient for guests, promoting consistent occupancy rates. Investing in this plot not only allows for substantial ROI but also positions buyers in a booming market. The area's popularity for vacation rentals means that developers can expect lucrative returns. This investment is perfect for those aiming to build a sustainable business in an idyllic location. Don't miss out on this prime opportunity in a thriving area. Explore the potential now and contact us for further details!
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
