This plot in Olhos de Água offers an exceptional investment opportunity with an approved project for a 4 Star aparthotel. Priced at €13,900,000, it spans an impressive 60,125m², making it ideal for developers aiming to tap into the thriving tourism market of the Algarve. Located just 2 km from the nearest beach and 3 km from a golf course, it is perfectly positioned to attract holidaymakers year-round. The approved development allows for 150 units across a maximum of two storeys, enhancing your potential ROI. With the growing demand for tourist accommodation in popular regions, this plot serves as a promising long-term investment. Nearby amenities include restaurants, shops, and leisure activities that make the area appealing to visitors and residents alike. The proximity to Albufeira (7 km) and Faro airport (32 km) further enhances its attractiveness to tourists, making it easy for guests to access. Take advantage of this unique opportunity to own a prime piece of real estate in Portugal. This approved project not only saves you time on planning but also sets a foundation for immediate business prospects. Ideal for buyers looking to invest in hospitality or rental properties, this plot is available now. Don't miss out on securing your place in this vibrant community. Contact us now to learn more about this extraordinary 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
