If you're looking for plots for development closest to the beach in Olhos de Água, this approved plot for an aparthotel is just 2 km from the beautiful coastline. Priced at €13,900,000, the property is a fantastic opportunity for those looking to build in a prime tourist location. This extensive plot spans 60,125 m², with an approved project that supports the construction of a 150-unit aparthotel plus additional basement space, making it a lucrative prospect for investors.
Situated in one of the Algarve's most sought-after addresses, this plot is not only close to the beach but also near local amenities for a vibrant lifestyle. The area is known for its year-round tourism, ensuring outstanding rental potential for new developments.
Additional advantages include being merely 3 km from a renowned golf course and 7 km from Albufeira, both of which add appeal to potential guests. The strategic location ensures that access to restaurants, shops, and entertainment is easily within reach.
Investors will appreciate the value of this property in terms of future growth and profitability. With substantial returns possible due to the high demand in the hospitality sector, this plot is a notable opportunity not to be missed. Contact us today to learn more and schedule your visit!
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
