Investing in the 4 Star aparthotel project in Olhos de Água presents an excellent opportunity for profitability in one of Portugal's most sought-after tourist destinations. This plot is approved for a substantial construction area, offering space for 150 rental units, catering to the thriving holiday market in the Algarve. With the nearest beach only 2 km away and golf courses just minutes from the property, this site promotes an attractive blend of leisure and accommodation that is sure to appeal to visitors year-round. Seize this opportunity to capture strong ROI in the heart of Algarve tourism!
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
