Investing in a plot with an approved aparthotel project in the Algarve is a wise decision due to its prime location and significant growth potential. Situated only 2 km from beautiful beaches and 3 km from popular golf courses, this 60,125m² property offers an approved project for a 4-star aparthotel with 150 units. The thriving tourism industry in the Algarve means steady rental income and high ROI prospects for investors. Additionally, the two-storey construction plan maximises the potential of the site, making it ideal for those looking to capitalise on the area's popularity with tourists. Proximity to Albufeira, only 7 km away, means easy access to vibrant nightlife and dining, enhancing the attractiveness of this investment. The consolidation of such features makes it a strategic choice within the competitive hospitality sector. For serious buyers, this is an opportunity not to be missed. Contact us now to schedule a viewing or for more details!
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
