The best investment opportunity for a hotel business in the Algarve is undoubtedly this prime plot with an approved project for a 4-star aparthotel in Olhos de Água. Priced at €13,900,000, this substantial investment includes a fully approved plan for the construction of an aparthotel, making it a turnkey opportunity for developers.
Spanning over 60,125m², the plot permits a development of 150 units across 2 storeys, situated just 2km from the nearest beach—this location is essential for attracting both local and international tourists.
The strategic location also benefits from proximity to golf courses and the charms of Olhos de Água village, known for its local hospitality and beautiful surroundings. The plot's approved project not only fast-tracks entry into the hospitality market but also ensures that potential investors can capitalise on the buzzing tourism sector in the Algarve.
The area enjoys year-round tourism, providing a steady stream of clients for your future hotel. With Faro airport located only 32km away, accessibility will not be a concern for guests flying in.
Investors looking for a plot that can yield high returns through a hospitality business will find this opportunity hard to miss. Contact us today for more information or to set up a viewing!
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
