You can find a prime plot for an approved aparthotel in Olhos de Água, located just 2 km from the beach. This area is a haven for year-round tourism, making it a lucrative spot for your investment. The plot has an approved project for a 4-star aparthotel, allowing for a construction area of 19,800 m² with an additional basement area of 4,800 m². With a total land area of 60,125 m², the development permits 150 units over two storeys, inviting endless hospitality possibilities. The plot’s proximity to various attractions, including a golf course just 3 km away, elevates its appeal to potential guests. Additionally, being just 32 km from Faro airport ensures easy access for visitors. This investment not only allows you to enter the booming tourism market but also positions you strategically near Albufeira, a popular tourist destination. The approved project implies reduced bureaucratic delays, making it easier for you to commence construction. For astute investors, this is an opportunity to establish a successful business with significant rental potential in a vibrant location. Don't miss out on this chance to secure a valuable investment in Algarve. Contact us now to schedule a viewing of this remarkable plot!
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
