The prime plot available for commercial development in Olhos de Água offers an extraordinary opportunity for investors looking to tap into the lucrative tourism market. This specific plot comes with an approved project for a 4-star aparthotel, perfectly positioned just 2 km from local beaches and 3 km from a prestigious golf course, making it ideal for developers focused on the hospitality sector.
Spanning across 60,125m², this investment not only secures the land but also provides a comprehensive project that permits the construction of 150 units over two storeys, aligning with the growing demands of the travel and tourism industry. The region boasts year-round tourism, making this a strategically smart addition to any portfolio.
Investors can expect excellent rental potential in this popular area of Algarve, where vacationers seek high-quality accommodation close to both natural beauty and recreational facilities. The plot’s location near Olhos de Água, a charming village, enhances its attractiveness to potential guests.
In addition, with Faro airport located about 32 km away, accessibility is guaranteed, inviting more guests to this beautiful coastline regularly. The approved plans and favourable location present a low-risk opportunity for commercial development, especially in such a sought-after region.
Individuals and businesses considering this project should seize the chance to invest in a property that not only promises a strong return on investment but also enriches the experience of holiday-makers. Don't miss your chance to invest in this prime area. Contact us today for more 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
