Purchasing a commercial plot for hotel development in Algarve can be a straightforward process, especially with the plot offered in Olhos de Água for €13,900,000. This prime real estate has an approved project for a 4-star aparthotel, complete with plans for 150 units across a spacious 60,125 m² total area. Located only 2 km from the beach, it's an attractive chance for developers aiming to enter Portugal's lucrative hospitality market.
The area benefits from its proximity to key tourist attractions, with Albufeira just 7 km away and Faro Airport about 32 km from the site. Investing in this plot not only provides land but also a solid framework to begin development allowing for swift completion of the project. The approval for two-storey construction and a generous basement area await interested buyers looking to create a destination that complements Algarve's tourism.
Potential investors should take into account that this region is renowned for its picturesque views and rich culture, making it a magnet for both international tourists and locals. The investment potential here is enormous, especially considering the continual growth of tourism in Algarve. By securing this plot, you will position your brand in an area that promises substantial rental income and appeal.
Don’t wait; get in touch with us to explore how you can start your journey in hotel development 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
