The price of the plot in Olhos de Água, which comes with an approved project for a luxurious tourist aparthotel, is €13,900,000. This investment covers the plot size of 60,125m² and the approved construction area of 19,800m², offering great potential for developers or investors in the hospitality industry. The project is specifically designed for tourism and allows for the construction of 150 units with additional basement space, positioning it perfectly within the busy Algarve tourist market. Located only 2 km from beautiful beaches and 3 km from golf courses, this plot is strategically placed to attract a constant flow of visitors. With the growing popularity of Olhos de Água as a holiday destination, investing in this area will enhance your chances of achieving high returns on investment through vacation rentals. The development is not just a mere construction project; it represents a unique chance to cater to the desires of holidaymakers eager for quality accommodation. Besides being nearby Albufeira, the location also offers the advantage of accessibility to Faro airport 32 km away. If you are a serious buyer looking to make a shrewd investment in real estate, this parcel of land may just be the opportunity you’ve been waiting for. Seize the moment and reach out to us to explore this property 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
