In Olhos de Água, there is an exciting approved project for a commercial real estate venture—a 4-star aparthotel, allowing investors a great opportunity to enter the lucrative hospitality market. This plot, situated on a 60,125 m² area, permits the construction of 150 units over two storeys, ready to attract a steady stream of holidaymakers visiting the Algarve. The approved project ensures a streamlined process for prospective buyers, enabling immediate engagement in a lucrative venture in this popular tourist area. Not only does the property lie just 2 km from the beach, but it is also conveniently located 3 km from golf courses, enhancing its commercial attractiveness. This fantastic investment option is perfect for those looking to tap into the year-round tourism traffic that this region attracts. With nearby attractions and amenities solidifying its appeal, this project is well-positioned for success. Don’t miss out on this opportunity to acquire a prime site for commercial use. To find out more about this approved project, contact us now!
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
