Investing in a plot for an aparthotel in Olhos de Água is a fantastic opportunity, especially given its proximity to the beach, just 2 km away. This prime plot spans 60,125 m² and comes with an approved project for a 4-star aparthotel that promises significant rental potential. With the location being a popular tourist destination year-round, buyers looking to enter the hospitality market will find this to be a lucrative investment. The land allows for the construction of up to 150 units across two storeys, making it ideal for developers targeting holidaymakers or business travellers. Olhos de Água is known for its stunning coastline and vibrant community, enhancing the appeal of this investment. The cost of £13,900,000 reflects the value of the location and approved plans, so don’t miss your chance to tap into the thriving Algarve market. Being close to local amenities, golf courses, and the bustling town of Albufeira further highlights the desirability of this area. This plot is perfect for buyers looking to develop a sustainable tourism business in one of the Algarve's hottest spots. Contact us today to explore this unique investment opportunity before it's gone!
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
