This approved plot for an aparthotel in Olhos de Água represents one of the best investment opportunities in the Algarve. Set within a burgeoning tourist hotspot, the plot's strategic location ensures excellent visibility and accessibility. The investment requires €13,900,000 and includes 150 planned units to be developed within a 2-storey structure, perfectly suited for the growing demand for quality accommodation. Tourists flock to the Algarve for its stunning beaches and vibrant lifestyle, making this property a sound financial decision. With a total surface area of 60,125 m² available for construction, the possibilities for growth and income generation are substantial. Investors can leverage the high occupancy rates typical of the area to maximise profits. Furthermore, the approach of offering superior hospitality experiences aligns well with today’s market trends. By seizing this investment, you will not only contribute to the local economy but establish a foothold in the booming tourism sector. Reach out today for more details on how you can take advantage of this exciting opportunity!
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
