Investing in a plot for a business in Olhos de Água is a smart choice, particularly given its proximity to a booming tourism industry. This plot, available at €13,900,000, comes with an approved project for a 4-star aparthotel, allowing you to step straight into a profitable venture. At just 2 km from the beach, and surrounded by the natural beauty of the Algarve, this investment is perfectly positioned to attract visitors year-round. The 60,125m² offering can accommodate 150 units across two storeys, providing ample space for both comfort and functionality. Additionally, the location is ideal, being close to golf courses and essential transport links, including Faro airport. The burgeoning demand for rentals in this region signifies a strong potential return on investment. Not only does it offer financial gains, but it also allows you to tap into the rich lifestyle benefits that the Algarve has to offer. Seize this opportunity and contact us now to learn more about building your business in this prestigious area!
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
