To buy this commercial land near golf courses in Albufeira, investors can enquire about the Pine Valley plot in Olhos de Água, listed at €13,900,000. The sale includes a 60,125 m² plot and an approved project for a four-star aparthotel, while construction is not included. The approved plan allows up to 150 tourist units and a maximum building height of two storeys. The site is approximately 3 kilometres from the nearest golf course. Its location also places the development around 2 kilometres from the nearest beach. Olhos de Água is about 2.5 kilometres from the plot. Albufeira town is approximately 7 kilometres away. Faro Airport can be reached at a distance of roughly 32 kilometres. These connections give the project access to golf tourism, beach holidays and wider Algarve visitor demand. The proposed construction area totals around 19,800 m². The scheme also includes approximately 4,800 m² of basement area. This provides a significant framework for a sizeable hospitality-led development. The approved tourist use may be relevant to hotel groups, developers and investors seeking a project with an established planning basis. An aparthotel format can offer guests more flexible accommodation than a traditional hotel room. The 150-unit capacity may support diversified revenue through short-term stays and seasonal tourism. Any projected ROI or rental income should be modelled against construction, staffing, finance, marketing and operating costs. Before buying, purchasers should review the planning approval, title information, technical documents and development conditions. They should also confirm the commercial terms and undertake independent due diligence on the proposed project. Contact ICONICA Properties for the documentation and guidance on purchasing this commercial land in the Algarve.
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
