Investing in the Algarve presents remarkable opportunities, especially with the approved plots for developing an aparthotel in Olhos de Água. This particular investment, priced at €13,900,000, includes a substantial 60,125m² plot and an approved project for a 4-star aparthotel, strategically designed for maximum occupancy with 150 units. The Algarve’s reputation as a premier tourist destination makes this an attractive prospect, with the property situated only 2 km from the beach, ensuring high demand for accommodation. The architectural plans allow for two storeys of luxurious accommodations along with additional basement space, catering to diverse guest needs. The proximity to local amenities like golf courses and airports enhances the area's allure, guaranteeing investment growth. This venture is perfect for those looking to capitalise on the booming holiday market while benefiting from the long-term rental prospects in a vibrant region. Now is the perfect time to explore investment opportunities in this sought-after area. Contact us today to discuss how you can secure your future in the Algarve!
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
