The cost of acquiring this premium plot for a commercial aparthotel near Albufeira is set at €13,900,000. This investment grants you ownership of 60,125 m² of land with an approved 4-star aparthotel project in Olhos de Água, a mere 7 km from the bustling town centre of Albufeira. The plot's strategic location — only 2 km from the beach and close to golf amenities — makes it a prime target for tourism and hospitality investments. This site allows for 150 guest units across a two-storey development, providing ample space for high occupancy rates which translates into lucrative returns. This investment also benefits from the region's increasing popularity among tourists, offering a steady stream of potential guests. By purchasing this land, you are not just acquiring a plot, but a whole project designed for future success. Your investment can cater to a growing market of visitors seeking quality accommodation in the Algarve. Explore the potential of this property to transform into a vibrant aparthotel. Contact us to learn more about financing options or to arrange 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
