This plot is now available for sale in the highly sought-after area of Olhos de Água, featuring an approved aparthotel project, and is priced at €13,900,000. Located a mere 2km from the nearest beach, it presents a golden opportunity for property developers looking to invest in the Algarve's dynamic tourism landscape. With a maximum construction area of 19,800m² and a total plot area of 60,125m², there is significant scope for developing a 4-Star hotel that meets the needs of tourists seeking quality accommodation. The approved project permits up to 150 units over two storeys, a concept that is set to thrive in this popular destination due to strong tourist demand. In addition, the proximity to local amenities, scenic beaches, and exclusive golf courses within a comfortable distance further enhances the appeal of this investment. This plot stands out particularly for buyers looking for immediate development prospects, as the groundwork for planning and approvals has already been completed. In a region celebrated for its stunning coastline and vibrant lifestyle, opportunities like this are rare. Don't miss your chance to secure a prime development site in this bustling market. Reach out today to learn more and arrange 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
