The rental potential of developing a 4-star aparthotel in Olhos de Água is considerable, especially with this recently approved project on offer. The plot spans 60,125 m² and enables the construction of 150 guest units, poised to attract an influx of visitors seeking quality accommodation. With its location just 2 km from the beach and 3 km from golf facilities, the appeal for both domestic and international tourists is strong. This region of the Algarve benefits from year-round tourism, making a well-placed aparthotel a highly profitable investment option. The tourism industry's growth in the area further underscores the viability of high occupancy rates and return on investment. Additionally, having major attractions within proximity enhances the marketability of the aparthotel. Given the competitive hospitality landscape, securing such prime real estate is essential for anyone serious about entering the market. Contact us to discuss this investment opportunity in detail or to schedule your visit to see the site!
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
