This Algarve investment plot for sale meets both location criteria, standing approximately 2 kilometres from the nearest beach and 3 kilometres from a golf course. The 60,125 m² site is in Olhos de Água near Albufeira and is priced at €13,900,000. It includes an approved four-star aparthotel project, making it relevant to buyers targeting a tourism-led development. The approved plan allows up to 150 tourist accommodation units. Development is limited to a maximum of two storeys for the proposed buildings. The scheme provides approximately 19,800 m² of construction area. It also includes around 4,800 m² of basement area. The sale covers the plot and approved project rather than the completed construction. This gives an investor the opportunity to shape the build, specification and operating model. The coastal setting places guests close to Algarve beaches and seaside activities. Olhos de Água is approximately 2.5 kilometres away for everyday services and local hospitality. Albufeira is about 7 kilometres from the site and offers a broad range of tourism infrastructure. Faro Airport is approximately 32 kilometres away for international accessibility. The nearby golf provision adds another potential demand driver for seasonal and leisure stays. The proposed aparthotel format may suit guests seeking more space and flexibility than conventional hotel accommodation. A 150-unit scheme could support a substantial rental operation once developed and properly licensed. Potential returns will depend on construction costs, financing, management, occupancy, pricing and wider market conditions. Professional due diligence should confirm the approved plans and all remaining authorisations before purchase. This is a compelling option for developers looking for a large Algarve site with established tourism potential. Contact us today for full details and to arrange a site inspection.
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
