Investing in this 4-star aparthotel project near Algarve's tourist hotspots is an excellent decision for savvy investors looking to capitalise on the booming tourism sector. The approved plot in Olhos de Água is available for €13,900,000 and offers an impressive design plan for a 150-unit aparthotel. With a total plot size of 60,125 m², there’s ample room for construction and additional basement services, enhancing the project's appeal.
Benefit from the plot's proximity to the beach (just 2 km away) and excellent access to golf (3 km), attracting both holidaymakers and business travellers alike. The location also enables easy reach of popular towns like Albufeira, creating a bustling hub of activity that relies on tourism. With Faro airport just 32 km away, your future guests will enjoy convenient travel options.
This is not merely a property purchase; it's a gateway to substantial income through rentals, as demand remains strong in this picturesque area. The project's approval for two storeys also maximises your options for planning and design, ensuring that you can develop a truly spectacular aparthotel. Emphasising investment returns, the property supports year-round bookings, ideal for capturing revenue throughout every season. Don't miss this golden opportunity; reach out to us now to learn more about the project and arrange a viewing!
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
