The Algarve is rich with investment opportunities, particularly in Olhos de Água where this approved plot for a 4-star aparthotel is situated. The specific plot offers a total area of 60,125m² and is positioned only 2km from the beach and 3km from popular golf courses. This area is well-known for its vibrant tourism during all seasons, providing a prime landscape for hotel construction. Developers will find the region has a high demand for accommodation, making it ideal for establishing a hospitality business. The proximity to Albufeira (7km away) enhances its attractiveness further, drawing in both local and international tourists. Additionally, its ease of access from Faro airport, located 32km away, ensures that visitors can reach the property without hassle. This wealth of tourism-driven traffic is a decisive factor for potential investors. Given these attributes and the growing interest in the Algarve, this plot represents an ideal investment for those looking to capitalise on commercial real estate in a sought-after location. Connect with us for more information on this exceptional investment potential!
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
