We have an excellent plot available for purchase in Olhos de Água, complete with an approved project for tourism facilities, specifically designed for a 4-star aparthotel. This incredible investment opportunity spans an impressive 60,125m² and is priced at €13,900,000, making it one of the most sought-after developments in the Algarve. Located just 2 km from the beach, it presents an attractive option for those looking to stake a claim in the flourishing tourism market.
Portugal's Algarve region is known for its appealing climate and stunning coastlines, ensuring a steady stream of visitors seeking vacation accommodations. The approved project entails a construction area of 19,800m² alongside a basement of 4,800m², permitting up to 150 units across two storeys. Such provisions are ideal for maximizing return on investment, particularly in a region where tourist accommodation is in high demand.
Within a few kilometers, you'll find local amenities, golf courses, and the charming village of Olhos de Água, further adding to the attractiveness of the site. The area is already established as a favourite among both local and international tourists seeking luxury while enjoying diverse leisure options.
If you're looking for property investments with approved projects, this is a unique opportunity not to be missed. Reach out for more information and to schedule a viewing!
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
