You can find a superb plot for an aparthotel in Olhos de Água, complete with planning approval, currently available for €13,900,000. This exceptional plot is conveniently located just 2 km from the beach, making it an enticing opportunity for those looking to engage in the hospitality sector. Spanning an impressive 60,125m², the approved project outlines plans for a grand 4-star aparthotel with 150 units and a total construction area of 19,800m². Nestled in a popular tourist hotspot within the Algarve, this location is ripe for investment due to its year-round visitor appeal. With additional benefits such as being only 3 km away from local golf courses and 32 km from Faro airport, accessibility adds value to potential customers seeking leisure and adventure. This development provides not only significant rental potential but also a chance to establish a brand within a highly competitive market. Don’t miss out on this unique opportunity; contact us today to secure your plot and start your journey in the idyllic 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
