The cost of the plot with an approved aparthotel project in Olhos de Água is €13,900,000. This all-inclusive price covers the extensive 60,125 m² land area along with the approved plans for a 4-star aparthotel, making it a lucrative opportunity for investors. Located just 2 km from the nearest beach, this site offers a strategic position for a tourist-focused venture, capitalising on Algarve’s thriving tourism market.
With a construction area of 19,800 m² and ample basement space of 4,800 m², the approved design allows for the erection of two storeys accommodating up to 150 hospitality units. Investors seeking to enter the Algarve hotel sector will find this approved project highly appealing due to the expansive land capacity and close proximity to major attractions. Besides being just 32 km from Faro Airport, it is within easy reach of local amenities, including golf courses, which are only 3 km away, enhancing the area’s appeal to potential guests.
This location also benefits from being only 7 km from Albufeira, a popular tourist destination known for its vibrant nightlife and beautiful beaches. The region promises a strong return on investment due to increasing demand for quality accommodation in this prime seaside district. Don’t miss out on this rare opportunity to acquire an approved plot for tourism development in one of the most sought-after areas in the Algarve.
Contact us now to learn more about this investment opportunity and schedule 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
