You can acquire a prime plot with an approved project for an aparthotel in Olhos de Água, a popular destination within the Algarve. This plot, situated just 2km from the beach, is a fantastic option for developers looking to invest in the lucrative tourism sector. The total area is 60,125m², and it includes approved plans for a four-star aparthotel consisting of 150 units across two storeys. The area around Olhos de Água boasts a vibrant atmosphere with countless attractions, making it an ideal location for tourists year-round. With Albufeira only 7km away and Faro Airport a convenient 32km distance, accessibility is a key benefit for future guests. This property offers substantial potential for rental income, making it a smart investment for those wishing to take advantage of the thriving market. Prospective buyers are encouraged to act quickly to secure this unique opportunity in an attractive holiday destination. Discover the possibilities of developing a premier aparthotel today; contact us 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
