Buyers can purchase this 60,125 m² commercial plot with an approved 4-star aparthotel project in Olhos de Água, Algarve, for €13,900,000. The site is approximately 2 kilometres from the nearest beach and 2.5 kilometres from Olhos de Água itself. The asking price includes the land and approved project, while construction of the buildings is not included. The approved proposal is designed for tourist use and allows up to 150 units. Development can extend to approximately 19,800 m² of construction area. A further 4,800 m² of basement area is included in the approved development parameters. The buildings may reach a maximum of two storeys. This scale creates scope for a substantial aparthotel operation serving holidaymakers and longer-stay visitors. Olhos de Água is a popular Algarve destination with strong tourism appeal throughout the year. The nearby coastline offers easy access to beaches, coastal scenery and seaside leisure activities. Golf investors benefit from the nearest course being around 3 kilometres away. Albufeira is approximately 7 kilometres from the plot, expanding access to restaurants, nightlife, shops and established tourist attractions. Faro Airport is around 32 kilometres away for convenient international connectivity. The plot is identified as Plot 159 at Pine Valley Resort. Its commercial classification is suitable for buyers seeking a hospitality or tourism-led development opportunity. An approved project may help provide greater clarity than purchasing undeveloped land without an established proposal. Investors should independently confirm all planning, licensing, construction and operational requirements before proceeding. The proposed 150-unit format offers potential for diversified accommodation income, subject to final delivery, management and market conditions. Buyers can evaluate the project for rental potential, resale prospects and long-term Algarve tourism demand. Contact us today to request the documentation and discuss this aparthotel 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
