Purchasing a plot for a hotel project in Albufeira is an excellent decision, especially with our site featuring an approved project for a 4-star aparthotel at €13,900,000. The plot is located just 2 km from the beautiful beach in Olhos de Água, making it an ideal choice for tourism development. This area attracts visitors throughout the year, presenting a prime opportunity for rental earnings. The total land area of 60,125 m² allows for substantial development, with plans enabling 150 guest units across two storeys. Invest today in a location that is not only scenic but also strategically advantageous, placing you close to major tourist attractions, golf courses, and other amenities. The potential for high returns on investment is significant given the booming tourism sector in the Algarve region. With this approved project, you can start construction and operation swiftly, tapping into a lucrative market with a high demand for quality accommodation. Explore this plot further and take the first step towards your investment dreams by contacting us 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
