Properties such as this approved plot for an aparthotel in Olhos de Águia are ideal for developing tourism rentals in the Algarve. This exceptional plot, with a size of 60,125 m² and an approved project for a 4-star aparthotel, is situated just 2 km from the beach and 3 km from popular golf courses. The potential to create 150 units in a two-storey building caters perfectly to tourists seeking quality accommodations. The Algarve is a top holiday destination, known for its beautiful beaches and vibrant culture, making it an excellent market for rental investments. With strong year-round tourism, your newly developed aparthotel could see high occupancy rates and substantial rental income. The strategic location offers easy access to both natural attractions and local amenities, enhancing its desirability. Investors can expect significant returns given the growing demand for such properties. Don't miss this unique opportunity to tap into the booming tourism sector in the Algarve. Get in touch with us to find out more about this remarkable investment!
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
