If you are looking for a plot for sale in the Algarve region suitable for a 4-star hotel, your search ends here! This available plot in Olhos de Água comes with an approved project that lays the foundation for a high-end aparthotel. Spanning over 60,125 m², it allows for a construction area of 19,800 m² for hotel units, making it a substantial opportunity for investment. Strategically positioned just minutes from popular beaches and key tourist attractions, this location is perfect for capturing the essence of Algarve tourism. The proximity to Albufeira ensures that your project will attract a large number of visitors seeking high-quality accommodation. As a buyer, you will benefit from a comprehensive package that includes the plot and the approved plans, simplifying the development process. This plot is an ideal investment for those serious about entering the lucrative hospitality market in the Algarve. The combination of a thriving tourist base and a well-located site offers excellent prospects for returns on your investment. Don't wait to seize this fantastic opportunity! Reach out today to learn more about how this plot can meet your investment needs.
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
