The current cost for land with an approved aparthotel project in Albufeira is €13,900,000. This pricing includes not just the expansive plot but also the already sanctioned project for a 4-star aparthotel that promises significant investment potential. Situated in Olhos de Água, this 60,125m² plot features plans for a maximum of 150 units spread across two storeys, ensuring ample accommodation for visitors. Located just 2 km from the nearest beach, the property offers an ideal location for tourism, making it a prime choice for developers looking to tap into the thriving holiday market. The approved plans also encompass a construction area of 19,800m² and an additional 4,800m² basement, allowing for versatile business operations. This area of the Algarve is particularly popular with tourists year-round, providing a lucrative return on investment for those keen on running a rental business. The plot is conveniently located only 3 km from the nearest golf course and 32 km from Faro airport, making travel easy for both guests and operators. Given the growing demand for quality accommodations in this vibrant region, this is an exceptional opportunity for savvy investors. Contact us today to discuss this opportunity further!
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
