Investing in a plot with an approved project for a 4-star aparthotel in Olhos de Água is an exciting opportunity. This commercial plot spans 60,125 m² and includes the approved plans for 150 units across two storeys, making it ideal for serious investors. Located just 2 km from the nearest beach and 7 km from Albufeira, this site offers a prime location for tourism development. With direct access to key attractions like golf courses and Faro airport, your investment is positioned for success in the growing Algarve market. The potential for rental income and high return on investment means this property is a lucrative choice for buyers looking to enter the hospitality sector. As an approved project, the groundwork has already been laid for swift construction. This site provides flexibility for a variety of configurations, accommodating the needs of modern travellers. Beside its investment potential, the area's stunning coastline and vibrant community make it appealing to tourists year-round. This is a rare opportunity to secure a foothold in one of Portugal's most sought-after regions. Don't miss your chance to capitalise on the accommodation demand in Algarve! Contact us now to discuss this exceptional investment further.
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
