Discover an exceptional investment opportunity with this prime plot approved for a 4-star aparthotel located just 2 km from the beautiful beaches of Olhos de Água. Perfect for buyers looking to develop a lucrative tourism business in one of the Algarve's most popular regions, this site spans a generous 60,125 m² with an approved construction area of 19,800 m². The project allows for the construction of a maximum of 150 units across 2 storeys, making it an attractive option for investors aiming to benefit from Portugal's thriving tourism market. Nearby, you will find a golf course just 3 km away and several local amenities, enhancing the appeal for potential guests. Faro airport is conveniently located only 32 km from the site, ensuring easy access for holidaymakers. This area is known for its year-round tourism, providing consistent rental income potential, perfect for savvy investors. Explore the potential of this property to create a desirable retreat in the heart of the Algarve's stunning coastline. Don't miss out on this chance to secure a profitable venture in a sought-after location. Contact us now to learn more about this property and its investment potential!
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
