Investors seeking opportunities in building an aparthotel should consider this approved plot in Olhos de Água, Albufeira. Priced at €13,900,000, it includes a solid plan for a 4-star development strategically located only 2 km from the beach, a major draw for tourists. Covering a total area of 60,125 m² and allowing for up to 2 storeys of residential units, this plot can accommodate 150 units. With the vibrant Albufeira area, renowned for its nightlife and beautiful coast, it assures successful business potential. The distance from Faro airport is just 32 km, adding to the area’s attractiveness. Being close to a golf course (3 km away) complements the lifestyle appeal of the development. This site offers significant investment potential, ideal for rental income or asset appreciation. If you are ready to capitalize on the growing Algarve market, reach out to us today for further details!
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
