Several appealing plots are available near the beach in Albufeira, including a prime option in Olhos de Água just 2 km from the waterfront. This chosen plot comes with an approved project for a 4-star aparthotel, highlighting its construction potential. Encompassing 60,125 m², with an effective construction area of 19,800 m², this site is perfectly suited for hotel development. The local area is a magnet for tourists due to its proximity to beautiful beaches, a golf course 3 km away, and various attractions. The authorization for 150 units over two storeys maximises the return on investment potential for developers. Investing in this plot means positioning yourself advantageously in a sought-after location for hospitality. With easy access to local amenities, restaurants, and nightlife, this development could appeal to both leisure and business travellers. Albufeira is a renowned tourist destination, ensuring high occupancy rates and strong rental yields year-round. This opportunity is perfect for investors looking to capitalise on Algarve’s thriving tourism market. Don't hesitate—connect with us to discover more about this exceptional investment opportunity!
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
