Investing in a hospitality project in Olhos de Água presents numerous advantages for discerning buyers. This area boasts a thriving tourism industry, with this particular plot providing an approved project for a 4-star aparthotel. With a spacious 60,125 m² and plans for 150 units to be constructed, this investment is perfectly poised for profitability. Its location is a key asset; just 2 km from the nearest beach and with easy access to popular areas such as Albufeira and golf courses, appeal to both domestic and international tourists is guaranteed. The Algarve region is famous for its stunning coastline and vibrant lifestyle, which further enhances your investment's potential. The infrastructure already in place simplifies the path to development, making it easier for investors to navigate the process. By investing in this approved project, you position yourself at the forefront of the burgeoning hospitality sector in Portugal. The substantial construction area offers flexibility and the ability to maximise returns, catering to diverse guest needs. This is not just an investment; it's a chance to contribute to the Algarve's bright economic future. For serious investors, this is a unique opportunity you won't want to miss! Contact us to discuss this promising venture.
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
