For investors looking for plots with approved plans for commercial development in the Algarve, this prime land in Olhos de Águia is a standout option. The plot is designated for the construction of an aparthotel, complete with an approved project that allows for the creation of a 150-unit, 4 Star establishment. Spanning 60,125m², this property offers a vast construction area of 19,800m², perfect for a thriving hospitality business.
With a location just 2km from the beach and in close proximity to Albufeira, this plot is ideally situated to attract a constant stream of tourists and visitors seeking high-quality accommodations. The nearby golf courses and local amenities add to its appeal, ensuring a profitable venture for developers.
As tourism continues to flourish in the Algarve, this investment promises lucrative returns and significant rental potential. The approved plans save you time and effort, allowing you to focus on executing your vision for commercial success.
Secure your future in one of the most picturesque and strong tourist destinations in Europe. Don’t let this opportunity slip away; contact us now to explore this plot further and get started on your development journey!
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
