You can buy a prime plot for an aparthotel just 2km from the stunning beaches of Albufeira. This 60,125m² plot comes with an approved project for a 4-star aparthotel, making it an ideal opportunity for savvy investors or developers looking to capitalise on the lucrative tourism market in the Algarve. Located in Olhos de Água, only 3km from the nearest golf course, this area is perfect for catering to holidaymakers year-round.
The plot allows for a construction of up to 150 units over two storeys, providing ample space for various amenities. Investing in this commercial property presents a significant return on investment potential in a region renowned for its beautiful landscapes and vibrant culture.
Being close to attractions like sandy beaches and golf facilities enhances its appeal for tourists. Faro airport is a mere 32km away, ensuring easy access for potential guests.
Additionally, the nearby Olhos de Água village offers charming local eateries and shopping experiences, elevating the lifestyle offered to guests. This project, while requiring a separate budget for construction, already has a solid foundation for architectural development and convenience in approvals.
This is a must-see for anyone seeking to enter the hospitality market or expand their portfolio in the Algarve region. Don't miss out on this exceptional opportunity! Contact us now to 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
