The cost of land for a prime project in Olhos de Água, which includes an approved plan for a 4-star aparthotel, is €13,900,000. This investment offers enormous potential in Algarve's popular tourism sector, appealing to serious buyers looking for commercial opportunities.
The plot is expansive, with a total area of 60,125m² and a designated construction area of 19,800m², allowing for a significant number of guest units. The proximity to the beach, just 2 km away, provides an added bonus for attracting guests looking for seaside getaways.
Being 32 km from Faro airport, accessibility is one of this property's key features, making it perfect for international visitors. With two-storey construction permitted, it allows for the development of 150 accommodation units, catering perfectly to rising tourist demand.
Additionally, the location is enriched by nearby amenities, including restaurants and shops just a short distance away in both Olhos de Água and Albufeira. The adjacent golf courses and beautiful coastal scenery make it all the more appealing. Investing in this land provides not only a business opportunity but also a chance to be part of Algarve's vibrant hospitality landscape.
Don’t wait too long; captivating properties in this region are in high demand. Reach out to us to explore this land and potential development today!
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
