This investment property near Albufeira, with an approved project for an aparthotel, presents remarkable rental potential for tourists. With a total area of 60,125m² and a plan to build 150 rooms, this property is poised to meet the demands of a bustling tourist market. Being located just 2km from the beach and 3km from golf courses, it attracts both families and golf enthusiasts, making it a sought-after destination. The Algarve region is well-known for its warm climate and vibrant culture, drawing visitors all year round. Owning a property in such an appealing area positions investors for sustainable rental income opportunities. Given the increasing tourist numbers in Albufeira, this plot is perfect for serious buyers looking to tap into the lucrative rental market. Explore this unique opportunity to create a hospitality project that will attract numerous guests. Get in touch with us today for more 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
