Investing in an aparthotel project in the Algarve offers numerous benefits, especially with this approved plot in Olhos de Água. This luxury location is just 2 km from the beach and surrounded by local amenities, making it ideal for attracting both tourists and business travellers. The approved plans for a 4 Star aparthotel with 150 units on a spacious 60,125 m² plot stands out in the competitive real estate market. One of the key advantages is the high rental potential during peak seasons, ensuring a steady income stream. The Algarve is renowned for its beautiful coastline and vibrant culture, making any accommodation here a sought-after choice. Additionally, the close proximity to golf courses and other attractions enhances the marketability of your investment. The area enjoys popularity throughout the year, providing opportunities for both short-term and long-term rentals. As property values in the Algarve continue to climb, investing now could secure advantageous returns in the future. Seize this rare chance to invest in a growing sector within a prime location. Contact us today to learn how you can get started!
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
