The area around Olhos de Água is increasingly being recognised as a prime location for developing a tourist aparthotel. This specific plot is located just 2.5 km from the charming village of Olhos de Água and only 7 km from Albufeira, both of which attract a large number of visitors each year. With its proximity to two beautiful beaches and crucial amenities like golf courses just 3 km away, this region offers unmatched visibility and accessibility for any tourism venture. The plot spans an expansive 60,125m² and comes with an approved project for a 4-star aparthotel, which indicates a strong investment edge. Other nearby areas that complement the location include Albufeira and further afield along the coastline, each known for their vibrant tourist atmospheres and rich cultural offerings. This makes the location an appealing option for diverse tourist demographics seeking both relaxation and engagement in local activities. With growing tourism markets and property values potentially set to rise, investing in this area is a smart move. Buyers looking to position themselves at the centre of Algarve's tourism should certainly consider this plot. Align your development plans with the demands of the market and ensure a profitable venture. Contact us today to discuss this opportunity further!
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
