If you are searching for suitable plots for tourism development in Olhos de Água, consider this incredible opportunity priced at €13,900,000. This plot is not only available for sale but comes with an approved project for the construction of a 4-Star aparthotel, making it an ideal choice for potential investors in the hospitality sector. Located merely 2km from the beach, the total area of 60,125m² allows for significant development potential, with 19,800m² designated for building and additional basement space. The area's strong tourist demand makes it ripe for investment, ensuring high occupancy rates for an aparthotel. This location is particularly appealing due to its close proximity to major attractions, including golf courses within 3km and the vibrant town of Albufeira just 7km away. With the plot's ability to accommodate 150 units across two floors, opportunities abound for creating an attractive and profitable resort-style accommodation. This parcel not only meets the needs of the tourism market but also reflects the growing interest in sustainable and high-quality lodging options in the Algarve. To explore the full investment potential, contact us today – your future business opportunity awaits!
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
