Investing in an aparthotel project in Algarve is a savvy choice, particularly with this plot approved for construction located near Olhos de Água. This region is highly attractive to tourists, boasting stunning beaches and world-class golf courses just minutes away. As tourism remains a key driver of the local economy, establishing a hospitality business such as an aparthotel here represents a lucrative opportunity for substantial returns. With a project already approved for a 4-star aparthotel, investors can begin construction relatively swiftly, capitalising on the ever-growing demand for quality accommodation. The planned site can accommodate 150 units within a spacious 60,125 m² plot, creating significant rental potential year-round. Investment in this area also benefits from excellent infrastructure, including proximity to Faro airport, ensuring easy access for both international and local tourists. The Algarve’s blend of beautiful weather, rich culture, and outdoor activities make it a top destination, positioning your aparthotel as an attractive option for vacationers. This investment could lead to strong yields and exceptional growth over time. Don’t miss the chance to dive into one of Europe's most vibrant markets. Contact us today to discover more about this opportunity!
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
