Unlock the potential of a prime investment in Olhos de Água, Albufeira with this vast plot featuring an approved project for a 4-star aparthotel. The total plot area measures 60,125 m², with potential for constructing 150 units, ideal for maximising revenue in a high-demand tourist location. Priced at €13,900,000, this investment opportunity is situated just 2 km from stunning beaches and close to essential amenities. The plot boasts a 19,800 m² construction area plus additional basement space, making it a highly desirable option for developers. Don't miss out on the chance to make a significant impact in the Algarve's hospitality sector—reach out today for more information!
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
