Investing in this plot for an aparthotel, located just 2km from the beach in Olhos de Água, is a wise decision for serious buyers. At €13,900,000, this property includes an approved project for the construction of a 4-Star hotel development that capitalises on the region's flourishing tourism market. With a substantial total area of 60,125m² and a construction area of 19,800m², professionals in real estate will find exceptional value in this plot's potential. Not only does it boast strategic proximity to the beautiful beaches of the Algarve, but it is also near golf courses and local amenities, making it a fantastic location for attracting holidaymakers. The opportunity to create up to 150 units across two storeys makes this an alluring project for investors wanting to meet the increasing accommodation demand in the area. Cashing in on the appeal of the Algarve's sunny climate and vibrant culture, this location is certain to provide lucrative returns. An investment in this plot not only guarantees a solid base for hospitality ventures but also positions investors within a thriving community. Seize this unique chance to make impact in the booming Algarve tourism sector. Contact us now for further insights!
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
