If you're searching for investment opportunities in the Algarve, this plot with an approved project for a 4-star aparthotel in Olhos de Água is ideal. Located just 2 km from the nearest beach and 3 km from a golf course, this prime piece of commercial land offers substantial rental potential. Encompassing a total area of 60,125 m², the approved project allows for the construction of a 4-star aparthotel consisting of 150 units across 2 storeys plus a 4,800 m² basement area. Given the area's appeal for year-round tourism, this property is perfect for investors looking to tap into the lucrative holiday rental market. Additionally, it's located only 7 km from Albufeira and 32 km from Faro airport, ensuring easy accessibility for guests. Such proximity to popular tourist spots enhances the investment potential. With an asking price of €13,900,000, this plot stands out for serious developers ready to capitalise on the growing demand for accommodation in this region. Don't miss your chance to secure this unique opportunity! Contact us now to learn more or schedule a visit.
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
