Several fantastic locations near Albufeira present approved projects for tourist accommodation, among them the plot available in Olhos de Águia for €13,900,000. This plot is perfectly positioned just 2 km from the local beaches, making it a prime site for developing a 4-star aparthotel that caters to holidaymakers year-round. Its size of 60,125 m², along with an approved building area of 19,800 m², makes it one of the best investment options in the area.
Situated only a short 7 km from Albufeira, this plot benefits from the charm of local attractions while retaining a peaceful ambiance. The design allows for a maximum of 150 units across two storeys, further enhancing the investment's attractiveness. This development potential is complemented by excellent accessibility to Faro Airport, just 32 km away, and is surrounded by popular golf courses, enhancing its appeal among both leisure and business guests. Recognised for its steady tourism flow, the Algarve region is a safe bet for hospitality investors. If you are seeking prime locations with pre-approved projects, you won’t want to overlook this opportunity in Olhos de Águia. Contact us today for more details and to explore this lucrative investment option!
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
