Olhos de Água is a hotspot for investment opportunities, particularly with the recently approved scheme for an aparthotel in the area. Priced at €13,900,000, this plot encompasses a significant area of 60,125 m², making it an attractive development for potential buyers. With plans in place for up to 150 units across a two-storey structure, this site presents a viable option for savvy investors looking to enter the vibrant Algarve market. Its prime location, just 2 km from the beach and within easy reach of local amenities and attractions, enhances its appeal for tourists. The proximity to golf courses and the lively towns of Albufeira, situated merely 7 km away, further solidifies its desirability. Investors can expect to see predictable cash flow, given the ongoing demand for holiday accommodation in the region. The already approved project simplifies the process, allowing you to focus on the execution of your vision. Not only does this investment promise potentially high returns, but it also sets a fabulous opportunity to own a part of Algarve's tourist landscape. Embrace the chance to make your footprint in this flourishing sector. Don’t wait too long to explore this opportunity! Contact us today for more information!
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
