For those interested in commercial development opportunities, this plot in Olhos de Água is a standout option. Providing an approved project for a 4-star aparthotel, it spans a generous 60,125 m². Located just 2 km from the nearest beach and a mere 3 km from a golf course, this site is strategically positioned to attract tourists and local visitors alike. The approved plans entail constructing up to 150 units, making it an ideal investment for developers focused on the hospitality sector. With Albufeira's allure just 7 km away, the area is set to benefit from consistent traffic from holidaymakers year-round. This is a compelling opportunity for commercial real estate investors aiming to make a mark in the Algarve tourist market. Understanding the local demand and trends will aid in maximising investment returns. Enquire now to find out how you can take advantage of this exceptional commercial plot!
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
