You can invest in a prime plot with an approved project for a 4-star aparthotel in Olhos de Água, just 2km from the nearest beach. This plot spans 60,125m² and has a proposed construction area of 19,800m², making it an excellent opportunity for savvy investors looking to tap into the lucrative Algarve tourism market. With approvals for up to 150 units across two storeys, this property is perfect for those seeking to create a high-demand rental business in this popular region.
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
