The commercial plot at Pine Valley Resort is a plot for sale in Olhos de Água with an approved project for a four-star aparthotel. Its asking price is €13,900,000, including the 60,125 m² site and approved development project. The opportunity is located in the municipality of Albufeira, in the Faro district of the Algarve. Planning approval proposes a tourism aparthotel with up to 150 units. The buildings are authorised for a maximum of two storeys. The approved construction area totals 19,800 m². The project also allows for 4,800 m² of basement space. The advertised price does not include construction of the proposed buildings. This makes the site relevant to commercial investors who want to control the construction and operational stages. The nearest beach is approximately 2 kilometres away. Olhos de Água is about 2.5 kilometres from the plot and provides access to a popular coastal community. Albufeira lies around 7 kilometres away, expanding the area’s hospitality and entertainment offer. A golf course is approximately 3 kilometres from the site. Faro Airport is around 32 kilometres away for international and domestic arrivals. The setting is well placed for a tourism-led project serving visitors to the central Algarve. A four-star positioning may support a premium accommodation strategy, subject to detailed feasibility work and the final operational model. The 150-unit capacity provides scale for professional aparthotel management and rental distribution. Investors can examine potential income, occupancy rates and ROI using independent market evidence. The approved scheme may provide a clearer starting point for a developer than a commercial plot without an established project. All planning, licensing, technical and construction conditions should be verified before purchase. Contact us today to obtain more information about this approved commercial development plot.
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
