Olhos de Água in the Algarve stands out as a prime location for building an aparthotel, especially with this project-approved plot now available for €13,900,000. Just 2 km from breathtaking beaches and 3 km from acclaimed golf courses, this area attracts a strong tourist demographic year-round. The parcel of land covers an impressive 60,125m², with plans allowing for a total of 19,800m² of construction dedicated to 150 touristic units. This makes it a lucrative opportunity for developers focused on hospitality and commercial ventures. The growing popularity of the region, paired with the approved project, ensures robust rental potential and a promising return on investment. Purchasing here means investing in not just land but a thriving tourism market. Being close to Olhos de Água, renowned for its welcoming atmosphere, enhances the appeal of this property immensely. Take advantage of this unique chance to plant your roots in one of Portugal’s hotspots. For further inquiries about the land and its potential, connect with us for a detailed overview!
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
