The price of the plot with an approved project for an aparthotel in Olhos de Água is €13,900,000. This prime investment opportunity includes the plot area of 60,125m², which allows for a total construction area of 19,800m², plus an additional 4,800m² for a basement area. The project permits the development of a 4-star aparthotel, making it perfect for buyers looking to invest in the lucrative Algarve tourism market. Located just 2km from the nearest beach and 3km from a golf course, this plot is strategically positioned to attract holidaymakers year-round. The approved plans allow for up to 150 units across a maximum of two storeys. This makes it an essential prospect for developers aiming to capitalise on the popular tourist destination of Albufeira. The surrounding area boasts vibrant beaches, excellent dining options, and a variety of leisure activities, enhancing the appeal of this investment. With a growing demand for tourist accommodation in this region, the potential for rental returns is considerable, providing excellent ROI possibilities. Furthermore, it is conveniently situated within close proximity to Faro airport (32 km away) and the lively town of Albufeira (7 km away). Don't miss out on this unique chance to own a slice of Algarve paradise. Contact us today to explore this prestigious 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
