This plot in Olhos de Águia is ideal for developing a tourist aparthotel due to its prime location and already approved project for a 4-star accommodation, priced at €13,900,000. Just 2 km from scenic beaches, it stands at the heart of a holiday destination that thrives on year-round tourism. The extensive area of 60,125 m² allows ample construction opportunities, with 19,800 m² set aside for actual building, ensuring a substantial yield for any investor looking to enter the market.
Importantly, with the potential for up to 150 units spread over two storeys, this plot offers excellent returns by catering to both leisure and business travellers. Its proximity to Albufeira, only 7 km away, adds to its allure, attracting a diverse range of guests interested in exploring this vibrant town. Additionally, being close to Faro airport (32 km away) makes it exceptionally accessible for global visitors.
The region is also renowned for its golf facilities just 3 km away, making it appealing for active tourists seeking sports and leisure experiences. Given these factors, the area presents a unique blend of lifestyle, convenience, and investment potential. Don't miss out on capitalising on this rare opportunity to build an exceptional tourist destination in the Algarve. Contact us now to take the next step towards securing this ideal plot!
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
