The cost for this remarkable plot in Olhos de Água, which comes with an approved project for an aparthotel, is €13,900,000. This competitive pricing provides a rare investment opportunity for prospective buyers looking to leverage the high tourist footfall in the Algarve. The plot extends over 60,125m², perfectly positioned just 2km from local beaches and 3km from golf courses.
This investment not only delivers prime location advantages but also a solid foundation for building a 4-star aparthotel featuring up to 150 units.
With a maximum of two storeys permitted, developers have extensive flexibility in planning and design, ensuring that the future aparthotel meets market demands. The area is known for its vibrant tourism year-round, making this an attractive location for potential guests.
Accessibility is a key selling point, with Faro airport only 32km away, simplifying travel arrangements for visitors. Nearby local attractions and the scenic beauty of Olhos de Água further enhance the attractiveness of the location.
This plot's approved project allows you to start development almost immediately, presenting an outstanding opportunity for a fast-growing investment. This property is perfect for savvy investors eager to break into the hospitality sector. Get in touch today to learn more about this investment!
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
