The asking price for a plot with an approved hotel development in Olhos de Água is €13,900,000. This unique opportunity features a project for a 4-star aparthotel, perfectly situated just 2 km from the coast. With an expansive plot area of 60,125 m² and a construction area of 19,800 m², this investment is designed for ambitious investors looking to capitalise on the Algarve’s thriving tourism market. The approved project outlines the construction of 150 units over two storeys, designed to meet high standards for guest accommodations. Proximity to beach and local attractions enhances the property’s appeal, ensuring a steady flow of guests. The site’s location, close to major golf courses and vibrant nightlife, adds further potential for income through seasonal tourism. This plot offers enormous possibilities for builders and developers wishing to engage in the lucrative hospitality sector. Don’t let this incredible investment opportunity pass – contact us to schedule a viewing, and take the first step towards your successful project today!
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
