Investing in a prime plot approved for the construction of an aparthotel in Olhos de Água presents an exciting opportunity for serious buyers. This exclusive plot spans 60,125m² and already has an approved project for a 4-star aparthotel, making it perfect for investors looking to capitalise on the booming tourism sector in Algarve. Located just 2 km from the beach and a mere 3 km from a golf course, this site promises exceptional rental potential due to its desirable location.
The approved project allows for the construction of 150 units across two storeys, appealing to a wide range of tourists year-round. Investors will find that Albufeira is a hotspot for holidaymakers, ensuring a consistent stream of guests. Furthermore, the plot's proximity to local amenities and tourist attractions enhances its appeal.
Notably, the plot does not include the construction costs, allowing buyers the flexibility to tailor their investment according to budget and design preferences. The vibrant community of Olhos de Água offers beautiful beaches and charming restaurants, perfect for visitors seeking an unforgettable holiday experience.
With Faro airport only 32 km away, travel convenience is significant, making this site even more attractive for tourists. As Albufeira continues to develop, the potential for return on investment (ROI) is exceptionally high. Don’t miss out on this unique investment opportunity in one of Portugal’s most coveted tourist destinations.
Contact us now to learn more and schedule a viewing!.
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
