If you're looking to buy a plot for an aparthotel in Olhos de Água, you'll find an excellent opportunity with this commercially approved site. This specific plot has an approved project for a 4 Star aparthotel, making it perfect for developers or investors keen on the tourism sector. Located just 2 km from the nearest beach and 3 km from a golf course, this prime location is ideal for attracting year-round visitors to the Algarve. The total plot area spans 60,125 m² with a proposed construction area of 19,800 m², plus an additional 4,800 m² of basement area. With permission for a maximum of 2 storeys, you can build up to 150 units, which enhances its investment potential. Olhos de Água is a popular tourist destination, and an aparthotel in this area could attract significant rental income and high occupancy rates. Additionally, you will have easy access to nearby amenities, catering to both tourists and long-term residents. This plot presents a unique chance for you to invest in a growing market that boasts excellent ROI potential. Don't miss out on this lucrative opportunity to develop in the heart of the Algarve! Explore this property today, and see how it fits into your investment portfolio.
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
