If you’re searching for properties in Olhos de Água suitable for a thriving rental business, this plot with an approved project for a 4-star aparthotel is exceptional. Covering 60,125m², it is strategically positioned just 2km from the beautiful beach, attracting consistent tourist traffic year-round. The region boasts a vibrant local culture, enhancing the overall experience for guests staying in your future rental establishment. The approved permits allow for the construction of 150 units, maximising the potential for returns on investment through holiday rentals. Olhos de Água is known for its charm and visitor-focused amenities, ensuring a steady flow of clients looking for luxury accommodation. The close proximity to popular attractions and leisure activities, including a golf course only 3km away, elevates its desirability further. Consider the fantastic opportunity to integrate modern comforts with local character in this welcoming community. Investing here not only builds a lucrative income stream but also places you among the most dynamic parts of the Algarve for tourism. Don’t miss out on this exceptional opportunity to become part of a booming market. Contact us now to learn more about your potential investment in Olhos de Água!
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
