The Algarve development site available with planning consent for a four-star aparthotel is located in Olhos de Água, within the Albufeira municipality. It is offered for €13,900,000 and comprises a substantial 60,125 m² plot. The approved project proposes a tourist aparthotel with a maximum of 150 units. This makes the property suitable for buyers seeking a large commercial development opportunity rather than a standard residential plot. The authorised buildings may comprise up to two storeys. The scheme includes approximately 19,800 m² of construction area. It also incorporates around 4,800 m² of basement area. The sale includes the plot and approved project, but not the construction of the buildings. A purchaser can therefore evaluate delivery options, development partners and future operating arrangements. The site is approximately 2 kilometres from the nearest beach. It is around 3 kilometres from a golf course, adding to its leisure appeal. Olhos de Água lies about 2.5 kilometres away. Albufeira is approximately 7 kilometres from the development. Faro Airport is about 32 kilometres away, supporting access for overseas visitors and staff. The surrounding Algarve location is well suited to a tourism-focused accommodation concept. A four-star positioning may allow the eventual operator to target leisure travellers seeking quality facilities and convenient coastal access. The proposed 150-unit capacity offers scope for meaningful rental and hospitality income once construction and licensing are completed. Buyers should model demand, build costs, funding requirements, management fees, occupancy and exit value before proceeding. All planning conditions and technical documentation should be reviewed with suitably qualified advisers. Contact us now to obtain the full project information 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
