Investing in a plot with project approval for an aparthotel in the Algarve is an opportunity not to be missed. This particular plot in Olhos de Água is priced at €13,900,000 and is just 2 km from stunning beaches and essential amenities. Due to its prime location near multiple resorts, golf courses, and urban centres, the potential for high returns on investment is significant. The plot measures 60,125m² with approved plans for a 4-star aparthotel featuring a total of 150 units. With tourism booming year-round in the Algarve, this area serves as an attractive destination for both domestic and international visitors. The approved project eliminates lengthy planning processes, allowing you to commence development sooner and capitalise on the lucrative market. This investment not only promises substantial financial rewards but also the chance to contribute to the growing tourism landscape in the region. With diverse attractions nearby, including vibrant nightlife in Albufeira and serene beach experiences, your aparthotel can cater to a broad audience. Explore how this opportunity can fit into your investment strategy, and don’t hesitate to leverage the growing demand for accommodation solutions. The prospects here are exceptional, making it a not-to-be-missed endeavour! Contact us now to find out how you can take the next step in your investment journey!
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
