You can find an approved plot for an aparthotel in Olhos de Água, just 2 km from the nearest beach and only 3 km from a golf course. This prime investment opportunity is ideally located in the Algarve, a region known for its year-round tourism appeal. The plot has an area of 60,125 m² with an approved project allowing for the construction of a 4-star aparthotel, making it perfect for developers and investors looking for lucrative property options. The area features a project with 150 units and a maximum of 2 storeys, promoting a high rental yield potential. Plus, with Albufeira located just 7 km away and Faro airport about 32 km distant, accessibility contributes significantly to its attractiveness. Investing in this location not only allows for commercial growth but also positions you to capitalise on the popular tourist market. The demand for accommodation in the Algarve continues to rise, providing excellent ROI opportunities for investors. Don't miss the chance to secure this valuable plot and turn your business vision into reality. Contact us now to explore this unique property 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
