For those looking to invest in Olhos de Água, this plot with an approved project for tourist use stands out. Encompassing 60,125 m², this site is set for the development of a 4-star aparthotel, which will feature up to 150 guest units, making it attractive for investors seeking to enter the lucrative hospitality market. Located a mere 2 km from the beach, the centre of tourist activities, this plot’s designation for tourist use maximizes its potential for strong rental income. The surrounding area is vibrant with attractions that draw visitors year-round, further enhancing the investment's value. Additionally, the proximity to golf courses and other recreational activities provides a perfect mix for holidaymakers. This presents a unique opportunity to own a piece of real estate in one of the Algarve’s most desirable locations. With continuous growth in tourism, securing a plot like this can lead to substantial profits. Interested buyers are encouraged to act quickly to secure a viewing of this promising property. Reach out to explore how this investment fits into your portfolio!
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
