If you're looking to purchase a plot approved for an aparthotel in Algarve, this prime property in Olhos de Água is available for sale. The plot comes with an approved project, ideal for commercial investors seeking to build a spacious 150-unit aparthotel, set in a year-round tourist hotspot. Conveniently located just 2 km from the nearest beach and 3 km from a golf course, this plot spans an impressive 60,125 m², providing ample space for development.
With a construction area of approximately 19,800 m² and an additional 4,800 m² of basement space, the project allows for a maximum of two storeys, enhancing the potential for returns on investment. The area offers great rental potential, making it an attractive opportunity for investors wanting to capitalise on Algarve's booming tourism sector.
Besides the immediate beach proximity, the nearby Olhos de Água and Albufeira, just 2.5 km and 7 km away respectively, are popular destinations for both tourists and locals. The distance to Faro airport is a reasonable 32 km, ensuring connectivity for international guests.
Additionally, being close to local amenities and attractions will further enhance the appeal of this location. Ideal for seasoned developers or first-time buyers, this property represents a fantastic investment in one of Portugal's most sought-after regions. Don't miss out on the chance to secure this lucrative opportunity; contact us now to schedule a viewing and discuss financing options!
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
