A 4-star aparthotel development plot near Albufeira is offered at €13,900,000. The price covers the 60,125 m² plot and the approved project, while construction of the buildings is not included. For investors comparing tourism land for sale in the Algarve, the site combines planning approval with proximity to beaches, golf and Albufeira. The approved proposal is for a four-star aparthotel for touristic use. It allows up to 150 accommodation units. Buildings may be constructed to a maximum of two storeys. The planned above-ground construction area totals 19,800 m². The approved basement area adds approximately 4,800 m². This scale could accommodate a significant hospitality operation once developed. The nearest beach is about 2 km away. Guests would be approximately 3 km from a golf course. Olhos de Água is around 2.5 km from the site. Albufeira town centre is approximately 7 km away. Faro Airport is located about 32 km from the plot. The Algarve location benefits from strong tourism recognition and a broad visitor market. Investors may evaluate the project for hotel operation, aparthotel ownership or a partnership with an experienced hospitality operator. The 150-unit capacity creates potential for multiple accommodation and service strategies. Any projected rental income, occupancy level or ROI should be confirmed through an independent feasibility study. Purchasers should also budget separately for construction, fit-out, financing and operating costs. The property is available for buyers seeking an approved commercial development opportunity rather than a completed hotel. Contact us for the full project information and to arrange a site visit.
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
