Find your next big investment opportunity in Algarve with this expansive plot available in Olhos de Água, Albufeira. This land comes with an approved project for a 4-star aparthotel, giving you a strategic advantage in the bustling tourist market. Covering a total area of 60,125 m², it allows for an impressive build of 150 units. Whether you are looking to capitalise on tourism or build a top-tier accommodation venue, this property meets all criteria. Currently on the market for €13,900,000, you will benefit from its prime location—just 2 km from the beach and 32 km from Faro airport. Make an investment that pays off; inquire now to set up a consultation!
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
