Discover a prime opportunity to acquire a plot with an approved project for a 4-star aparthotel in Olhos de Água, perfectly located just 2 km from the beautiful beach. This plot spans 60,125 m², facilitating a remarkable construction area of 19,800 m² along with an additional basement area of 4,800 m². Ideal for investors looking to capitalise on the thriving tourism market in the Algarve, this property is designed to accommodate 150 units over a maximum of two storeys, making it a robust investment prospect. With its proximity to Albufeira (7 km), Faro airport (32 km), and local golf courses (3 km), accessibility to amenities and attractions is outstanding. The area attracts tourists year-round, enhancing its rental potential, and represents a lucrative venture for any serious buyer. As a unique piece of land, coupled with the approved licensing for construction, it minimises time and risk associated with planning permissions. Don't miss your chance to be part of this flourishing community. Contact us today to learn more about this investment opportunity!
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
