To buy this tourism development site 2 kilometres from the beach in Olhos de Água, prospective buyers should contact the appointed estate agency for the sales information and due-diligence process. The site is offered at €13.9 million and includes a 60,125 m² plot with an approved four-star aparthotel project. Construction is not included, so purchasers must plan separately for the building phase and associated costs. The approved project allows up to 150 tourist units. Buildings may have a maximum of two storeys under the stated approval. The proposal includes 19,800 m² of construction area. It also provides 4,800 m² of basement area. Buyers should review the planning documents, title information and project conditions with qualified Portuguese advisers. The land is positioned at Pine Valley Resort in Olhos de Água. Its nearest beach is approximately 2 kilometres away. The centre of Olhos de Água is around 2.5 kilometres from the plot. Albufeira is approximately 7 kilometres away and offers extensive shops, restaurants, entertainment and visitor services. Golf is available around 3 kilometres from the development site. Faro Airport is roughly 32 kilometres away, which is convenient for international guests and operators. This coastal setting may support a holiday accommodation business with year-round tourism appeal. The approved four-star format could help attract visitors seeking a higher-quality aparthotel experience. A future owner might develop and operate the scheme, appoint a hospitality partner or sell the completed investment, subject to commercial evaluation. Rental and operational potential should be tested through a detailed feasibility study rather than assumed. Construction budgets, funding, planning compliance and licensing are key matters for the purchaser to investigate. Arrange a confidential discussion to receive the available documents and take the next step towards buying this Algarve development site.
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
