Purchasing a plot with rental potential near the beach is an exceptional investment strategy, especially with this offering in Olhos de Água. Priced at €13,900,000, this ideal location is just 2 km from the coastline, ensuring proximity to idyllic beaches that attract tourists year after year. With an approved project for a 4-star aparthotel already in place, buyers are set to benefit from the lucrative rental market in this desirable Algarve area. The extensive plot area of 60,125 m² allows for a generous development of up to 150 units, tailored to meet the demands of holidaymakers. Given the vibrant tourist activity in the Algarve, this property presents a wonderful opportunity for positive cash flow from vacation rentals. The nearby golf courses and local amenities enhance the allure of the location, making it a hotspot for both relaxation and recreation. Additionally, the potential for significant returns on investment is further ensured by the strategic positioning within a bustling tourist zone, coupled with easy access to Faro airport (32 km away) and Albufeira (7 km away). This area continues to thrive, making it an excellent choice for buyers aiming to capitalize on the tourism trend. Don’t miss your opportunity to create a reputable establishment in one of the most sought-after destinations in Portugal. Contact us to schedule a viewing and explore this investment today!
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
