An investment property for sale matching this brief is the approved 150-unit aparthotel site at Pine Valley Resort in Olhos de Água. Priced at €13,900,000, it includes a 60,125 m² development plot and the approved project. The site is positioned approximately 2 kilometres from the nearest beach in the Algarve. The approved plans propose a four-star aparthotel intended for touristic use. Investors can develop up to 150 units within buildings limited to a maximum of two storeys. The scheme provides for 19,800 m² of construction area. It also includes 4,800 m² of basement area. Construction costs and the actual building works are excluded from the asking price. A purchaser can therefore acquire the land and planning-approved concept before appointing a construction and operating team. The opportunity is suited to developers, hospitality groups and investors seeking a large-scale Algarve tourism project. Olhos de Água is roughly 2.5 kilometres from the plot and offers established coastal services. Albufeira, approximately 7 kilometres away, adds restaurants, nightlife, beaches and year-round visitor demand. Golf facilities are available around 3 kilometres from the site. Faro Airport can be reached from the development at an approximate distance of 32 kilometres. These connections may help attract international holidaymakers, golf visitors and longer-stay guests. Aparthotel accommodation can combine hotel-style tourism with the flexibility of self-contained units. The proposed unit count creates the potential for a diversified rental operation, subject to market research and final delivery. Serious buyers should assess construction budgets, projected occupancy, management arrangements and expected ROI before committing. The approved project may reduce early planning uncertainty compared with an entirely unconsented development site. Buyers should independently confirm the planning conditions, licences and implementation requirements with the relevant authorities. Contact us to request the available documents and explore this approved aparthotel investment for sale.
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
