This exceptional plot for sale in Olhos de Água, Albufeira offers a unique investment opportunity with an approved project for a 4-star aparthotel. Spanning a total area of 60,125 m², the proposed construction area is 19,800 m², allowing for the creation of 150 units across two storeys. Located just 2 km from the nearest beach and a short drive from Faro airport, this site is perfect for developers seeking to enter the lucrative Algarve market. With local amenities nearby and a thriving tourist economy, this project is set to attract numerous visitors. The asking price for this incredible investment is €13,900,000. Contact us now to explore the details and secure your 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
