Looking for a prime investment opportunity in the Algarve? This plot in Olhos de Água comes with an approved project for the construction of a 4-star aparthotel, just 2km from the stunning beach. The total area spans 60,125m² with a building capacity of 19,800m², offering potential for 150 touristic units across two storeys. Olhos de Água is a sought-after location known for its year-round tourism, making this a lucrative investment for those aiming for rental income. Additionally, with the golf course a mere 3km away and Faro airport just 32km from the site, accessibility and attractions are at your doorstep. The price of €13,900,000 includes the plot and approved project, but does not cover construction costs. This project is ideal for buyers focused on commercial ventures in a vibrant tourism market. Whether you're looking to develop an aparthotel or hold for long-term appreciation, the potential here is significant. Don’t miss out on this rare opportunity to invest in commercial real estate in a thriving region. Contact us now to explore this investment further 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
