The property with an approved project that allows for 150 units is a prime plot situated in Olhos de Água, Algarve. This investment opportunity, priced at €13,900,000, offers a total area of 60,125m² and a construction area of 19,800m², plus an additional basement space of 4,800m². The approved plans cater to the development of a 4-star aparthotel, uniquely designed to fulfil the demands of the ever-growing tourist market. Just 2km from the nearest beach and 3km from a prestigious golf course, this plot is perfectly positioned to guarantee high occupancy rates and substantial rental income. The surrounding area is abundant in attractions, restaurants, and local amenities, supporting a vibrant lifestyle for both visitors and residents. With Olhos de Água just 2.5 km away and Albufeira 7 km away, accessibility to local nightlife and activities is exceptional. This investment not only promises significant rental returns but also positions you in one of the most desirable regions of Portugal. Grab this unique opportunity—contact us to learn more about this exceptional property!
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
