You can buy this approved aparthotel development plot in Olhos de Água, Albufeira, in Portugal’s Algarve. The asking price is €13,900,000 for the 60,125 m² plot and approved project. It presents a substantial commercial investment opportunity for buyers planning a tourism, hospitality or rental business near the coast. The approved scheme proposes a four-star aparthotel for touristic use. Permission allows for a maximum of 150 units. The buildings may comprise up to two storeys, creating a low-rise resort concept. Approved construction includes 19,800 m² of building area. A further 4,800 m² of basement area is included in the project. The price covers the land and approved project, but construction of the buildings is not included. This distinction allows an investor or development company to plan the build according to its own funding and operating strategy. The plot is approximately 2 kilometres from the nearest beach. Olhos de Água is around 2.5 kilometres away, providing access to local shops, restaurants and coastal amenities. Albufeira is approximately 7 kilometres from the site and is one of the Algarve’s best-known tourism destinations. The nearest golf course is about 3 kilometres away, supporting a broad leisure appeal. Faro Airport is approximately 32 kilometres from the development opportunity. The location can serve both seasonal visitors and travellers seeking an Algarve holiday base. A 150-unit aparthotel may offer multiple accommodation formats suitable for short-term tourism or professionally managed rentals. Buyers can investigate projected occupancy, operating costs and potential ROI during their due diligence. The scale of the site also provides scope for a carefully planned resort environment, subject to the approved scheme and applicable regulations. Contact us now for further information, documentation and to discuss this Algarve investment opportunity.
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
