Investing in a 4-star aparthotel project in Albufeira offers a lucrative opportunity due to its prime location and tourism appeal. The plot in Olhos de Água is just 2 km from stunning beaches and close to top golf courses, meeting the needs of vacationers seeking relaxation and recreation. With an approved project for 150 units on a spacious 60,125m² plot, the potential for high rental yields is significant in this bustling tourist market. The surrounding area boasts various attractions including restaurants, shops, and entertainment options, attracting visitors year-round. With the Algarve being a prime destination, the demand for luxury accommodations remains strong. Additionally, the excellent transport links to Faro airport and the charming town of Albufeira make it convenient for guests. Property investment here not only promises ROI but also contributes to the ongoing economic growth of the region. Those seeking a robust investment in real estate will find immense value in becoming part of this vibrant market. Don’t miss out on this golden opportunity to own a part of the Algarve’s rich hospitality industry. Contact us now to discuss your investment options!
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
