You can buy a prime plot with an approved project for an aparthotel in Olhos de Água, just 2km from the nearest beach. This property, ideal for investors looking to create a hospitality business, spans 60,125m², offering a generous construction area of 19,800m² plus an additional 4,800m² for basements. With an approved plan for a 4-star aparthotel featuring a maximum of 150 units over 2 storeys, this investment aligns perfectly with the booming tourism sector in the Algarve.
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
