You can buy a prime plot with an approved project for an aparthotel right in the heart of Olhos de Águia. This investment opportunity allows you to construct a 4-star aparthotel just 2 km from the nearest beach and 3 km from excellent golfing facilities. The total area of this commercial plot is 60,125 m², with a construction area of 19,800 m² available for development, making it ideal for investors seeking to tap into the flourishing tourist market of the Algarve.
Featuring permission for a maximum of two storeys and 150 units, this development offers not only abundant space but also potential for high rental yields given the area's year-round tourist appeal. Olhos de Águia is increasingly popular among visitors, enhancing the value of this investment. With Faro Airport less than 32 km away, accessibility is fantastic, making it attractive for potential guests. Just a short drive will also take you to the bustling town of Albufeira, known for its vibrancy and attractions. Considered one of the best spots for tourism in the Algarve, developing a tourist aparthotel here can ensure steady income and strong return on investment. Seize this unique chance to become part of the thriving hospitality industry in this sought-after location. Contact us to discuss this exceptional opportunity further and schedule a viewing today!
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
