If you're searching for a plot with significant rental potential near Faro airport, look no further than this prime site in Olhos de Água. Strategically located 32 km from the airport and just 2 km from the nearest beach, it’s an ideal spot for turning into a profitable hospitality venue. The plot offers an area of 60,125 m², which includes an approved project for the construction of a 4-star aparthotel, further increasing its investment appeal. With the ability to build up to 150 units over two storeys, developers can maximise their returns in this high-demand area. Given the year-round tourism in the Algarve, this plot is perfect for those looking to invest in rental properties catering to vacationers. Additionally, being close to both Albufeira and local golf courses only 3 km away enriches the experience for guests. Priced at £13,900,000, this plot presents a unique opportunity amidst growing tourism trends. Investors are encouraged to explore this incredible option and make a move while it’s still available. Contact us to arrange a viewing and further discuss this exciting venture!
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
