An approved four-star aparthotel project near Albufeira is available for €13.9 million. It offers investors a 60,125 m² plot in Olhos de Água with permission for up to 150 tourist units. The investment combines a sizeable development site with an approved tourism concept, although construction is not included in the asking price. The project is designed for touristic use rather than private residential occupation. Approved buildings may reach a maximum of two storeys. The planned construction area totals 19,800 m². The project also includes 4,800 m² of basement area. This creates potential for guest accommodation, service areas and supporting facilities, subject to the approved plans and applicable regulations. A four-star aparthotel can appeal to visitors wanting more space and flexibility than a conventional hotel room. The location is approximately 2 kilometres from the nearest beach. Golf is around 3 kilometres away, adding another important attraction for seasonal and international visitors. Olhos de Água is approximately 2.5 kilometres from the site. Albufeira, about 7 kilometres away, provides a well-established tourism market and a broad range of amenities. Faro Airport is approximately 32 kilometres away for convenient access by overseas guests. The site could suit a developer intending to build and operate a hospitality business. It may also interest an investment group considering a completed asset, partnership structure or future sale, subject to feasibility. Potential rental income and capital appreciation should be modelled against construction expenditure and market conditions. Buyers should independently verify planning conditions, licensing requirements, costs and expected returns. The available documentation can support a detailed review with professional advisers. Contact us to explore this Algarve aparthotel investment and request the full project information.
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
