Discover a prime investment opportunity with this plot in Olhos de Água, featuring an approved project for an aparthotel. Just 2 km from the beach and only 3 km from the nearest golf course, this is perfect for buyers looking to invest in the Algarve's vibrant tourism sector. The total plot area covers 60,125 m² with a projected construction area of 19,800 m² and additional 4,800 m² for basements, allowing for 150 units within a maximum of two storeys. This approved project positions the plot uniquely to capitalise on the year-round tourist demand in the area. With easy access to local amenities and attractions, the location is ideal for developing a profitable rental business. Additionally, proximity to Faro airport (32 km away) increases its appeal, making it an attractive option for international travellers. The construction benefits from future-proofing due to its strategic position, which is becoming increasingly sought after. This plot serves as an excellent foundation for any developer or investor aiming to establish a successful enterprise in the hospitality sector. Don't miss this chance to buy a piece of promising real estate. Contact us now to schedule a viewing and explore this lucrative opportunity!
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
