Discover a prime investment plot in Albufeira with an approved project for a captivating 4-star aparthotel, just waiting for your vision. Located in scenic Olhos de Água, this plot covers a generous 60,125m², providing ample space for developing an attractive rental business. With the project already approved, you can begin construction with confidence, tapping into the thriving Algarve tourism market that attracts visitors year-round. Enjoy the convenience of being only 2km from the nearest beach and 3km from a prestigious golf course, perfect for guests seeking sun and leisure. Albufeira is known for its vibrant atmosphere, making this location an ideal destination for both short-term tourists and long-term residents. The approved plans allow for 150 units spread over 2 storeys, ensuring you capture the market's potential fully. Investing here not only offers the benefit of a lucrative rental business but also an opportunity to be part of a rapidly developing area in the Algarve. The competitive investment of €13,900,000 presents exhilarating potential for return on investment through rental yields. This is a fantastic chance for developers looking to enter or expand in the bustling Algarve real estate market. Don't miss out on this opportunity to secure a strategic location with immense growth potential. Contact us now to schedule a viewing and explore this unique investment 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
