The price for a commercial plot in Olhos de Água with an approved project for an aparthotel is set at €13,900,000. This plot, covering a spacious area of 60,125 m², already includes a comprehensive plan for a 4-star aparthotel. The strategic location just 2 km from the nearest beach makes it highly desirable for investment, especially in an area where tourism is a booming sector. This opportunity is tailored for developers looking to maximise their portfolio in one of Portugal's most sought-after destinations.
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
