You can find a prime plot for developing an aparthotel in Olhos de Água, which comes with an approved project. The property is ideally situated just 2km from the nearest beach, making it an appealing option for developers aiming to attract visitors. The extensive land area of 60,125m² allows for significant construction potential, with provisions for 150 units spread across two storeys. Additionally, being only 3km from popular golf courses ensures a steady stream of potential guests interested in leisure activities. With Albufeira a mere 7km away and Faro airport just 32km out, both tourist and developer access is enhanced tremendously. The project’s focus on rental capacity sets it as a lucrative investment within a bustling tourist landscape. This is a rare opportunity to secure land ready for hospitality development, positioned within a thriving market. For developers looking at promising real estate in the Algarve, this plot poses a remarkable opportunity. Explore this investment potential today; contact us for further information!
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
