Investing in this plot with an approved project for an aparthotel in Olhos de Água is a lucrative opportunity for several compelling reasons. First and foremost, this strategic location is just 2km from the beautiful beaches of the Algarve and only 3km from local golf courses, which are major attractions for tourists. Priced at €13,900,000, the plot spans over 60,125m² and allows for development of a 4-star aparthotel with 150 units across two storeys.
The hospitality market in the Algarve thrives on year-round tourism, making this a sound investment for those looking to capitalise on a promising sector. With the approved construction project, you're set to hit the ground running, enabling a swift venture into the hospitality business.
Proximity to Faro airport—32km away—further enhances this location’s appeal, ensuring accessibility for international and local guests. There are numerous amenities in and around Olhos de Água, including charming restaurants and beautiful natural scenery, which will enhance guest experiences.
Moreover, the blend of sun, sea, and rich cultural experiences in this area makes it a prime destination for holidaymakers. All these attributes contribute to a foreseeable high return on investment. For serious investors or developers looking to dive into a thriving market, this plot presents a one-of-a-kind opportunity. Get in touch today and let’s explore this incredible investment!
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
