You can buy a prime plot with an approved project for an aparthotel in Olhos de Água, available for just €13,900,000. Located just 2km from beautiful beaches and 3km from a renowned golf course, this property offers a rare investment opportunity for serious developers. The approved project allows for the development of a 4-star aparthotel with a maximum construction area of 19,800m² and a total plot area of 60,125m², accommodating up to 150 units. Investing in this area provides excellent rental potential, given the Algarve's year-round tourist appeal and proximity to key amenities. With easy access to Olhos de Água and Albufeira, your guests will enjoy convenience and comfort in one of the most sought-after holiday destinations. Furthermore, Faro airport is just 32km away, making it accessible for international travelers. This is an impressive opportunity for buyers looking to enter the lucrative hospitality sector. Don't miss your chance to invest in this promising area with a ready-to-go project. Contact us now to schedule a viewing!
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
