You can purchase a prime plot in Olhos de Água that comes with an approved project for an aparthotel, perfect for serious investors. This site spans a total area of 60,125m², designed to accommodate a 4-star aparthotel with up to 150 units, making it an outstanding opportunity for tourism development. Located just 2km from the nearest beach and 3km from the local golf course, this plot offers both accessibility and appeal in the heart of the Algarve.
The plot is a fantastic investment opportunity, especially in a region well recognized for its year-round tourism. Albufeira's bustling atmosphere, combined with the proximity to Olhos de Água (2.5 km away) and Faro Airport (32 km), adds to its appeal, ensuring a steady flow of potential visitors.
The approved construction allows for a maximum of 2 storeys, with a substantial basement area of 4,800m², perfect for amenities and facilities. For developers looking to capitalise on the thriving tourism sector, this property could lead to significant rental returns. With detailed project documents available for review, serious buyers are encouraged to act quickly before this unique opportunity passes.
Investing in this plot aligns with the growing demand for quality accommodation and tourism facilities in the Algarve. Contact us today to discuss your investment in this sought-after location!
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
