The plot available in Olhos de Água is one of the few near Albufeira that has an approved construction project for a 4-star aparthotel. Located just 2km from stunning beaches, this 60,125m² plot is a truly valuable opportunity for anyone looking to invest in a commercial property with tourism potential in the Algarve.
With an approved plan allowing for 150 hotel units across two storeys, this site creates the perfect environment for enjoying the vibrant tourist activity prevalent in this region. The close proximity to Albufeira, only 7km away, and a golf course within 3km enhances its appeal significantly.
This investment is a golden opportunity to build a captivating hospitality business in a location that sees high tourist footfall year-round. Additionally, with Faro airport only 32km away, attracting guests will be convenient and efficient.
The area surrounding this plot is rich in amenities, including charming traditional restaurants and stunning coastal scenery, ideal for providing excellent experiences to future hotel guests.
This approved project ensures a streamlined start to development, significantly reducing the time to market. Serious investors seeking both profitability and strategic location in their hospitality ventures will find this plot irresistible. Contact us now for further details!
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
