This beachfront plot in Olhos de Água is ideal for investors due to its strategic location and the approved plans for a 4-star aparthotel that promise strong rental returns. Priced at €13,900,000, the plot covers 60,125m², and the project allows for up to 150 accommodation units, presenting an incredible opportunity for those looking to enter the competitive hospitality market in the Algarve.
Just a short distance of 2 km from the beach, coupled with the additional benefits of nearby golf courses and local attractions, ensures a steady flow of guests, making this an attractive investment choice. With the local area experiencing continuous growth in tourism, a pricy plot with approved projects offers the ace many developers look for.
The site’s layout includes a substantial construction area of 19,800m², with allowances for two storeys in the design, optimising the potential for profitability. With the Algarve being known for its warm climate and picturesque landscapes, this location not only supports high seasonal returns but also appeals to long-term residents.
Investors can take advantage of advantageous positioning near major travel hubs with Faro Airport merely 32 km away, enhancing visibility and accessibility for potential patrons. For investors seeking a profitable future, this beachfront plot serves as a perfect canvas for a valuable tourism venture. Don’t miss the chance to explore this opportunity; contact us today to arrange a viewing!
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
