There’s an exceptional development opportunity available for investors in Olhos de Água: a plot with an approved project for constructing a 4-star aparthotel priced at €13,900,000. This strategic location is just a short 2 km from stunning beaches, perfect for attracting tourists year-round. With a large plot area of 60,125 m² and a maximum construction area of 19,800 m², this development allows for 150 units across two floors, catering effectively to the growth in tourism demand. This unique offering combines prime location and lucrative potential, situated within a thriving market known for its beauty and holiday appeal. The approved project means that you can start construction immediately, capitalising on the region’s tourism trend. Additionally, the plot's proximity to local amenities, including golf courses and restaurants, makes it an attractive option for prospective guests. Whether you’re looking to invest in a profitable venture or develop a stunning property, this opportunity stands out. Contact us to learn more about this investment today!
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
