Investing in land with an approved project for an aparthotel in the Algarve, such as the plot in Olhos de Águia priced at €13,900,000, is highly advantageous due to the region's booming tourism industry. This impressive 60,125m² site is situated just 2 km from pristine beaches, making it an attractive option for developers eager to capitalise on the region's appeal to holidaymakers. With planning approval for 150 units across a two-storey aparthotel and an additional 4,800m² of basement space for amenities, the potential for high returns on investment is substantial. The bustling town of Albufeira, merely 7 km away, offers essential infrastructure, vibrant nightlife, and dining options. This established area is frequented by tourists throughout the year, promising solid occupancy rates for any hospitality venture. Buyers will greatly benefit from the growing demand for vacation rentals in the Algarve. This represents a perfect opportunity for those keen on securing a profitable tourism venture. Don't miss the chance to invest in such a pivotal property! Contact us today to learn more and discuss potential!
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
