You can invest in a plot for a 4-star aparthotel in Olhos de Água, Algarve, where an approved project is already in place. This plot, available for €13,900,000, is a prime opportunity for investors keen on developing in a highly sought-after tourist destination. Spanning a total area of 60,125m², the design allows for a construction area of 19,800m² and a basement of 4,800m². Located just 2km away from the pristine beaches and within 3km of an acclaimed golf course, this site is strategically situated to attract visitors all year round. With the capacity to develop up to 150 units across two storeys, it provides substantial income potential through rental or hotel services. Olhos de Água's charming village atmosphere adds to the allure, with easy access to Albufeira (7 km) and Faro Airport (32 km). This investment not only promises attractive ROI but also offers a lifestyle enhancement for those wishing to immerse themselves in Algarve’s coastal beauty. Seize this unique chance to make a sound investment in an area brimming with tourism. Don't hesitate—reach out to us for more details about this exceptional property!
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
