The price for this prime plot with an approved project for constructing a 4-star aparthotel in Olhos de Água is set at €13,900,000. This investment secures not only the land, which covers an extensive area of 60,125 m², but also a validated plan for developing up to 150 units, spanning a construction area of 19,800 m² along with an additional basement area of 4,800 m². Located just 2 km from the stunning beach and close to local amenities, including a golf course 3 km away, this parcel of land is perfectly positioned in the Algarve, a region known for its year-round tourism appeal. The presence of such a validated project greatly enhances the investment's potential, offering a significant opportunity to meet the demands of the local market. With Faro airport located only 32 km away, guests enjoy convenient access to the area, further bolstering your potential returns. This is an enticing opportunity for any serious investor looking to dive into the profitable tourism sector in Portugal. Don’t miss out on this chance; contact us today for further details on this profitable venture!
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
