Approved development land for an aparthotel in Olhos de Água is available now, offering a unique opportunity for prospective buyers. This prime plot, with project approval already in place, is priced at €13,900,000 and spans an expansive 60,125 m². Located only 2 km from stunning beaches and 3 km from a premier golf course, this site is well-positioned to attract year-round tourists. The approved plans allow for the construction of a two-storey aparthotel with up to 150 units, making it ideal for developers seeking to invest in the vibrant Algarve real estate market. With Faro Airport just 32 km away and Albufeira a short distance of 7 km, accessibility is a significant advantage for guests. The area boasts a welcoming atmosphere and a variety of amenities close at hand, promising a fantastic lifestyle for future residents. Buyers should consider the potential for impressive returns given the region's popularity among holidaymakers. Investing in this approved land ensures you are part of the growth in tourism, especially as the Algarve continues to attract visitors from across Europe. This plot seamlessly combines luxury and convenience, making it a desirable choice for investors. Act quickly, as opportunities like this can disappear fast! Contact us today for more details.
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
