One of the most attractive plots with an approved commercial project available for sale in the Algarve is located in Olhos de Água. This prime plot spans 60,125 m² and has an approved development project specifically designed for a 4-star aparthotel. The strategic location, a mere 2 km from the beach and close to essential amenities, positions it as a solid investment opportunity. Given the area’s continuous influx of tourists, this land offers incredible rental potential with 150 approved units that can cater to this demand. The project allows for a maximum height of 2 storeys, making it versatile for various business opportunities in hospitality. Investing in this plot means positioning yourself advantageously in a well-established tourist area, known for its flourishing rental market. This plot's specifications ensure not only great use of space but also compliance with regional development standards, enhancing the investment's credibility. Act quickly to seize this unique property and explore its potential—contact us for further details.
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
