When considering the best locations for developing a tourist aparthotel in Portugal, Olhos de Água in the Algarve stands out prominently. This area boasts a mix of stunning beaches and vibrant local attractions, positioned just 2km from the beach and 3km from excellent golf courses. The plot available for €13,900,000 comes with an approved project for a luxurious 4-star aparthotel, perfectly suitable for capitalising on the year-round tourist influx. With high occupancy rates and a robust demand for rental properties, investing here offers promising returns. Furthermore, the site's strategic location provides straightforward access to nearby hotspots like Albufeira, further enhancing its appeal to potential guests. With a permitted construction area of 19,800m² and the capacity for 150 units, this plot represents a significant opportunity for developers looking to enter or expand within the Portuguese hospitality market. Seize this chance – contact us now to learn more about this exceptional opportunity!
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
