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Why invest in a plot with an approved project for a tourist aparthotel in Olhos de Água?

Plot in Olhos de Água

ref. VM1989
13.900.000€
  • NA
  • 60.125m2

Investing in a plot with an approved project for a tourist aparthotel in Olhos de Água is an exceptional opportunity costing €13,900,000. This site offers everything a discerning investor could need: a total area of 60,125 m² set aside specifically for a 4-star aparthotel, making it a prime investment in a high-demand area. Not only does the approved project facilitate up to 150 units, it’s strategically located just 2 km from the beach, ensuring consistent traffic from holidaymakers and visitors.

This prime piece of real estate benefits from being within reach of Faro Airport, situated 32 km away, allowing easy access for international guests. With local attractions such as Albufeira being only 7 km away and a renowned golf course merely 3 km distant, the site diverges strongly into a lucrative tourism sector. Investors are sure to appreciate the combination of scenic beauty and vibrant nearby community which enhances guest experiences.

Furthermore, the property allows for considerable development potential thanks to its construction area of 19,800 m² and 4,800 m² of basement area. This scalable structure offers the prospective buyer the freedom to design a hotel that meets current hospitality demands and guest expectations, making it an attractive spot for those looking to invest their capital.

Overall, the Olhos de Água area promises a sound investment not only in terms of commercial profit but also as part of a sought-after lifestyle destination in the Algarve region. Reach out today to explore this opportunity and see how you can make this project part of your investment portfolio!

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
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