Purchasing land in Olhos de Água for commercial development is an exceptional opportunity, particularly with an approved project for a 4-star aparthotel. The plot, available for £13,900,000, spans 60,125 m² and is just 2 km from the beach, ensuring it attracts tourists and locals alike. The approved plans allow for up to 150 units, perfectly suited to cater for the thriving hospitality market in the Algarve. Given the area's popularity, the potential for year-round rentals is significant, making it an attractive investment. Potential development can also attract business travellers, thanks to proximity to local amenities and services. Moreover, the plot's location benefits from the nearby golf courses and vibrant Albufeira town. Such attributes ensure that your investment is not just a purchase but a strategic decision aimed at capitalising on a lucrative market. The Algarve remains one of the most sought-after regions for tourism, promising high ROI for future developments. Don’t miss out on this chance to secure a plot that perfectly harnesses the booming commercial potential in this desirable area. Get in touch today to learn more!
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
