For those seeking plots near the beach for hotel development, this approved site for an aparthotel in Olhos de Água is a top contender. Located just 2 km from the nearest beach, this 60,125 m² plot is primed for investment, already having plans for a stunning 4-star aparthotel with 150 units. The project allows for two storey constructions, perfectly meeting the area's charm and demand for quality hospitality. Buyers will benefit from being situated within a thriving tourism zone where visitors year-round seek premium accommodations. Additionally, being only 7 km from Albufeira and 32 km from Faro airport further enhances accessibility for future guests. This property’s rental potential is immensely promising due to high annual visitor numbers to the Algarve, ensuring substantial returns on investment. Furthermore, with major amenities nearby, this location stands out as a beacon for future hotel developments. Take initiative in shaping tourist experiences in Olhos de Água. Contact us now to secure this exceptional plot!
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
