The asking price for this 60,125 m² approved aparthotel site in Olhos de Água is €13,900,000. The price includes the commercial plot and the approved project for a four-star aparthotel. Construction of the proposed buildings is not included in the asking price. The approved development is planned for touristic use and permits a maximum of 150 units. The buildings may be limited to two storeys. The proposed construction area is 19,800 m². The scheme also includes 4,800 m² of basement area. This is a sizeable Algarve investment opportunity for a developer, hospitality company or commercial investor. The plot is situated at Pine Valley Resort in the Albufeira municipality. The nearest beach is approximately 2 kilometres away. Olhos de Água is around 2.5 kilometres from the site. Albufeira is approximately 7 kilometres away and offers a wide range of visitor services and attractions. The nearest golf course is about 3 kilometres from the development. Faro Airport is roughly 32 kilometres away, supporting access for international guests. The approved project gives the buyer a defined tourism development concept rather than an undeveloped parcel without plans. A 150-unit aparthotel could create rental and operating income once built and successfully marketed. Any expected ROI will depend on the final design, construction budget, financing, occupancy and management performance. Prospective purchasers should review the planning approval, site documentation and development conditions before exchanging contracts. They should also obtain independent legal, technical, financial and market advice. The location’s proximity to beaches, golf and established Algarve destinations may strengthen the project’s visitor appeal. Contact us today for full details, supporting documents and information about purchasing this approved aparthotel site.
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
