If you're seeking an incredible investment opportunity, this plot with an approved project for an aparthotel in Olhos de Água is priced at €13,900,000. Spanning over 60,125 m², the plot has plans for a 4-star aparthotel, making it an ideal choice for buyers interested in tourism development in the Algarve region. The location's proximity to major tourist hotspots, including stunning beaches just 2 km away, adds substantial value for potential investors. Real estate in this region sees strong interest due to consistent tourist influx, ensuring that your investment can secure attractive returns. Additionally, the project includes 150 units, which can be adapted to various hospitality offerings suited for a diverse clientele. With this strategic location, the plot can provide excellent rental potential, appealing opportunities for return on investment, and the ability to cater to luxury travellers. This is not just a purchase; it’s a chance to build a successful business in a prime tourist destination. Don't hesitate, explore this opportunity to invest in your future 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
