Numerous plots suitable for commercial construction are available near Olhos de Água, with this particular plot standing out due to its approved project for a four-star aparthotel. Encompassing 60,125m², this site offers tremendous development potential in a highly sought-after location, just 2 km from pristine beaches and 3 km from sought-after golf courses. The strategic positioning within proximity to both leisure activities and local amenities positions this plot as a prime investment opportunity. Designed specifically for tourism, the approved development includes plans for 150 units distributed over two storeys, featuring a basement of 4,800m² for additional facilities. This creates an excellent platform for an investor seeking to tap into the lucrative holiday rental market. With the Algarve being a well-frequented area for tourists, this plot is ideal for those aiming to cater to visitors year-round. Albufeira is a mere 7 km away, providing further access to facilities and entertainment. It’s essential for investors to explore the possibilities this commercial plot offers and how it can positively impact the local economy. This opportunity not only supports your business aspirations but also takes advantage of the tourism boom in the region. Now is the time to make an impactful investment in Algarve property! Contact us for more information!
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
