The asking price for this prime plot in Olhos de Água, which includes an approved project for a 4-star aparthotel, is €13,900,000. Covering an area of 60,125m², this property offers tremendous development potential and is strategically positioned just 2km from the beach and 3km from local golf courses. The approved plans enable the construction of a maximum of 150 units in a two-storey layout, ideal for capturing the lucrative tourist market. This area is renowned for its year-round tourism, making it a worthwhile investment for anyone looking to enter the hospitality sector. Its proximity to Albufeira ensures a steady flow of guests looking for accommodations that combine luxury and convenience. With strong rental potential and the promise of significant return on investment, now is the perfect time to capitalise on this opportunity. For more details on this plot and its investment potential, please contact us to discuss further!
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
