Prime locations in Albufeira suitable for building an aparthotel include the land plot available in Olhos de Águia, offered at €13,900,000 with an approved project in place. Located just a short 2 km from the beach, this plot has a generous area of 60,125m², enabling the construction of 150 hospitality units, ideal for capturing the Algarve's thriving tourism market. This specific area is popular with visitors all-year-round, benefitting from easy access to beautiful beaches and golf, with the town centre of Albufeira merely 7 km away. Investing here means tapping into an expanding sector characterised by increasing tourist numbers and holiday rentals. The approved project showcases a unique design and a substantial basement area of 4,800m² for added amenities. Flanked by a vibrant landscape, this location provides a fantastic opportunity for generating long-term income from vacation rentals. Serious buyers looking for a strategic investment should not hesitate. Contact us to explore this exceptional plot further!
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
