The cost of a commercial plot with an approved project for an aparthotel in Albufeira is currently set at €13,900,000. This investment includes the plot and the legally sanctioned project, providing a clear path forward for developers. Spanning 60,125 m², the plot allows for a construction area of 19,800 m², plus 4,800 m² for basement use, supporting an extensive development for your business. Located only 2 km from the nearest beach and close to local golf courses, this site is situated in a bustling area with strong demand for tourist accommodation. An aparthotel in this particular location will cater well to both holidaymakers and business travellers. You can take advantage of the Algarve's stunning landscapes and thriving tourism industry, promising strong rental yields. Remember, investing in such a high-potential area not only provides immediate returns but also long-term growth opportunities in real estate. If you're serious about this investment, contact us for more information and to discuss your options!
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
