Investing in a plot with an approved project for an aparthotel in Olhos de Água presents a brilliant opportunity, especially at the competitive price of €13,900,000. This specific site, just 2km from the beach, boasts a total plot area of 60,125m² and allows for a substantial construction area of 19,800m², making it ideal for a 4-Star accommodation project targeting the lucrative tourist market. The Algarve is a prime region for tourism, attracting millions of visitors each year looking for top-quality hospitality, which translates to great rental potential for investors. Additionally, the approved project includes plans for constructing up to 150 units across two storeys, ensuring optimal space and layout for guests. The strategic location also offers proximity to key amenities, including golf courses and local markets. This plot provides the ideal foundation for a successful hospitality business in a high-demand area. As such, it represents a solid investment that can provide excellent ROI. Developers can start planning immediately with the existing project, saving time and resources. Explore this exceptional opportunity and discover how you can make your mark in the Algarve's thriving tourism sector. Reach out today for more details!
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
