For developers seeking touristic investments in Olhos de Água, this approved plot for an aparthotel is an outstanding opportunity. The property spans 60,125m² and has an approved project that permits the construction of a 4-star aparthotel featuring 150 units over two storeys, designed specifically for touristic use. Located just 2 km from the beach and 3 km from local golf courses, this site offers unparalleled access to both leisure and relaxation facilities, appealing to a wide demographic of tourists. The flourishing tourism in the Algarve region increases the potential for high rental incomes, proving the investment's viability. With Albufeira only 7 km away, the benefits of this location are clear, ensuring robust occupancy rates for any hospitality venture. This property is not just land; it is a strategic move into a profitable market. Connect with us today to find out more about how this can enhance your investment 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
