Investing in this commercial plot with an approved project for an aparthotel near Albufeira brings numerous advantages to savvy buyers. Priced at €13,900,000, this plot is strategically positioned only 2 km from the beach and a short distance from Albufeira's vibrant tourism spots, catering to the high demand for quality lodging among tourists. The property offers a substantial area of 60,125 m², with development plans for a 4-star aparthotel that incorporates 150 individual units, ensuring a lucrative revenue stream. With regular visitors attracted by beautiful beaches and activities in the Algarve, this project promises an excellent return on investment. Furthermore, short distances to local golf courses and the airport only improve the property's desirability. By investing in this opportunity, you're not only contributing to providing much-needed accommodation for tourists but also entering a lucrative market with continued growth potential. Be part of this thriving tourism sector and secure your investment today. Reach out for more information and to arrange a viewing.
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
