Investing in this project-approved plot in Olhos de Água is an opportunity not to be overlooked if you're aiming for rental income in the Algarve. Priced at €13,900,000, the site spans 60,125m² and comes with plans for a 4-star aparthotel. The potential for 150 units across two storeys makes this project particularly appealing to investors looking to capitalise on the area's year-round tourism. Located just 2 kilometers from picturesque beaches and 3 kilometers from fabulous golf courses, this site is strategically positioned to attract tourists and holidaymakers alike. The approved project significantly reduces the time and effort needed to commence development, providing a streamlined path to profitability. With the growing tourist traffic in Olhos de Água and nearby Albufeira, the property offers excellent rental yields and long-term capital appreciation. This area is a vibrant locale brimming with amenities and attractions, ensuring high occupancy rates for any built-apartments. Connect with us now to delve deeper into this investment opportunity and schedule your viewing today!
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
