Investing in an aparthotel project in the Algarve, specifically in Olhos de Água, is a smart choice for many reasons. First and foremost, the region boasts a highly attractive tourism profile, with a plot available for €13,900,000 that features an approved project for a 4-star aparthotel. The location is enviable—just 2 km from stunning beaches and near other recreational opportunities, such as a golf course only 3 km away. The approved plans allow for 150 units spread over two storeys, maximising accommodation options for visitors. The total plot size of 60,125 m² offers ample space to operate a successful hospitality business, catering to the continuous influx of tourists seeking relaxation and entertainment. Furthermore, being only 32 km from Faro airport provides convenient access for international visitors, enhancing your occupancy rates. Investing in this property means tapping into a lucrative market with promising rental yields and an opportunity for long-term capital appreciation. In a thriving area of Albufeira, this venture could yield substantial returns. Make a proactive move to invest in this promising project—contact us for further details and to arrange a site visit!
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
