Purchasing this plot for an aparthotel near Albufeira and Olhos de Água is a compelling investment choice for several reasons. Spanning 60,125 m², the plot features an approved project to build a 4-star aparthotel, optimally designed to attract the tourism sector. Its ideal location, only 2 km from the beach and close to top-notch golf courses, makes it a highly desirable spot for holidaymakers seeking quality accommodation in the Algarve. The demand for rental properties in this region remains strong year-round, providing a solid return on investment for buyers. Additionally, being situated in a well-known tourist area increases the likelihood of occupancy and profit margins. Nearby amenities further enhance its attractiveness, allowing guests to enjoy vibrant local culture while being minutes away from the coastline. Investors have the chance to leverage the growing market of the Algarve and make a significant business impact with this parcel of land. Now is the time to invest in this potential-laden property. Contact us to explore this unique opportunity and take the first steps towards owning a lucrative hospitality venture!
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
