You can buy this 60,125 m² commercial development plot with an approved aparthotel project in Olhos de Água, Albufeira. The asking price is €13,900,000 and includes the land and approved project, but not construction of the building. It is positioned approximately 2 km from the nearest beach, making it a compelling opportunity for buyers seeking a tourism investment in the Algarve. The approved scheme proposes a four-star aparthotel for touristic use. Plans allow for a maximum of 150 units. The permitted buildings can reach up to two storeys. The project includes approximately 19,800 m² of above-ground construction area. A further 4,800 m² of basement area is included in the approved development parameters. The substantial site provides room for a large-scale hospitality concept. Olhos de Água is approximately 2.5 km away. Albufeira is around 7 km from the plot. The nearest golf course is approximately 3 km away. Faro Airport can be reached in roughly 32 km. This coastal Algarve setting attracts visitors throughout the year. Buyers can develop the approved concept for direct operation or future commercial ownership. The planned unit count offers scope for diversified accommodation revenue. A four-star classification may support a premium tourism positioning, subject to the relevant operational requirements. The land is listed for commercial use rather than residential occupation. Construction costs and delivery responsibilities should be assessed separately by the purchaser. The available documentation includes project and planning-related material for due diligence. Contact us now to discuss this aparthotel development opportunity and arrange a viewing.
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
