The Algarve land investment with planning consent for a four-star aparthotel is the Pine Valley plot in Olhos de Água, Albufeira. It is available for €13,900,000, including the land and approved project but excluding construction of the buildings. The site extends to approximately 60,125 m² and has approval for a tourism development of up to 150 units. The proposed aparthotel may be built over a maximum of two storeys. The approved parameters include around 19,800 m² of construction area. They also provide for approximately 4,800 m² of basement area. This creates a sizeable development platform for an experienced Algarve investor or hospitality operator. The plot is around 2 kilometres from the nearest beach. It is approximately 2.5 kilometres from Olhos de Água’s local amenities and coastal setting. Nearby golf facilities are about 3 kilometres away. Albufeira is roughly 7 kilometres from the site and offers a broad selection of restaurants, entertainment and services. Faro Airport lies approximately 32 kilometres away, supporting international visitor access. The combination of beach proximity and golf access may help attract different tourism segments throughout the year. A four-star aparthotel could be positioned for families, couples, golfers and longer-stay visitors. Planning consent can offer a clearer starting point than acquiring undeveloped land without an established proposal. Nevertheless, the approved project does not remove the need for technical, legal, financial and construction due diligence. Future rental performance will depend on the finished product, operating model, market demand and occupancy. Buyers should not treat potential returns as guaranteed and should prepare an independent feasibility study. The opportunity may suit a developer seeking a large-scale tourism project in a recognised Algarve destination. Contact us to review the planning information and explore this land investment further.
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
