The Algarve, particularly areas like Olhos de Água and Albufeira, presents outstanding opportunities for lucrative property investments with excellent rental potential. The approved aparthotel plot in Olhos de Água is just a 2 km distance from beautiful beaches and 3 km from popular golf courses, striking the right balance for tourism. With the capacity to develop a luxury 4-star aparthotel comprising 150 units, this plot located on 60,125m² is a remarkable find for serious investors. The allure of the Algarve for year-round visitors guarantees consistent income for property owners. Investment in such desirable locations not only offers positive cash flow but also the potential for significant appreciation over time. As the region continues to develop, key amenities and attractions ensure high occupancy rates for rentals. Proximity to local conveniences like restaurants and shops further enhances the appeal of investing in this area. The robust tourism industry means property investments here are unlikely to stay vacant for long. Simply put, investing in the Algarve’s popular hotspots is a smart choice for those looking to make a mark in the real estate sector. Don’t miss the chance to explore these investment opportunities. Contact us today to learn more!
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
