The plot for sale in Olhos de Água measures a generous 60,125 m², providing ample space for development. It includes an approved project for the construction of a 4-star aparthotel, setting the stage for an exciting investment opportunity. Positioned just 2 km from the nearest beach, this area's appeal is enhanced, ensuring high demand for rental accommodations. Also nearby is a golf course located 3 km away, allowing for an appealing lifestyle for guests. The approved development plan permits 150 units across two storeys, ideal for capturing the lucrative tourist market in the Algarve. At a competitive price of €13,900,000, this plot offers a chance for enterprising investors to design and develop a standout property. The strategic location is just 32 km from Faro airport, facilitating easy access for tourists. Explore the potential of this plot today and create your vision in one of Portugal's most desirable regions. Contact us now to learn more!
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
