You can buy a prime plot with an approved aparthotel project in Olhos de Água, Algarve. This is a fantastic investment opportunity for serious buyers looking to enter the hospitality market, with the plot covering a total area of 60,125m². The project at this location permits the construction of a 4-star aparthotel, embracing modern design and catering to the area's vibrant tourism. The construction area allows for up to 150 units, making it ideal for attracting holidaymakers year-round. Situated just 2 km from the nearest beach and 3 km from popular golf courses, this location ensures a steady flow of visitors. Nearby amenities also contribute to the appeal, positioning this plot as a smart choice for developers looking to maximise rental potential. The attraction of Albufeira, only 7 km away, further enhances the marketability of your investment. With Faro airport only 32 km distance, travel convenience is another compelling advantage. A project like this is designed for longevity and profitability, appealing to a high-demand demographic. Invest in a thriving region where property values are on the rise. Opportunities to own in such a prime location do not last long. Contact us now to schedule a viewing and start your investment journey in the Algarve!
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
