The commercial property for sale near Olhos de Água is a 60,125 m² plot at Pine Valley Resort, offered for €13,900,000. It comes with an approved project for a four-star aparthotel comprising up to 150 units. For buyers seeking a ready-planned Algarve tourism investment, the approved development framework is a significant advantage. The site is situated in the Albufeira e Olhos de Água parish. Its permitted buildings can reach a maximum of two storeys. The approved proposal includes approximately 19,800 m² of construction area. It also provides for around 4,800 m² of basement space. The land and approved project are included in the asking price. Construction works and associated development costs are excluded. This distinction allows prospective purchasers to evaluate the build programme according to their own strategy. The nearest beach is approximately 2 kilometres away. Olhos de Água is roughly 2.5 kilometres from the plot. Albufeira, a major Algarve visitor destination, lies about 7 kilometres away. A golf course is available within approximately 3 kilometres. Faro Airport is around 32 kilometres from the development site. The surrounding area attracts visitors seeking beaches, golf, dining and resort-based holidays. A 150-unit aparthotel could provide flexible accommodation for short-term tourism operations, subject to final delivery and licensing requirements. The approved project may help reduce early-stage planning uncertainty compared with an entirely unconsented site. Buyers should verify all planning conditions, technical requirements, construction budgets and operating assumptions before committing. Contact us to explore this commercial development opportunity and arrange a viewing.
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
