Buyers may consider this €13,900,000 aparthotel development plot because it sits approximately 2 kilometres from the beach and 3 kilometres from golf in Olhos de Água. The 60,125 m² commercial site includes an approved project for a 4-star aparthotel. The approved plans allow up to 150 tourist accommodation units, giving the opportunity substantial operating scale. The purchase price covers the plot and approved project, but not the construction of the buildings. The permitted scheme comprises approximately 19,800 m² of construction area. It also includes around 4,800 m² of basement area. Development is limited to a maximum of two storeys. The coastal position can help attract holidaymakers who want convenient access to beaches and outdoor activities. Nearby golf creates an additional demand segment for sports travellers, groups and longer stays. Olhos de Água is approximately 2.5 kilometres away for local amenities and seaside services. Albufeira, around 7 kilometres from the plot, offers restaurants, entertainment, retail and established tourism infrastructure. Faro Airport is approximately 32 kilometres away, which is practical for international visitors and overseas investors. The Algarve’s recognised holiday market may support both seasonal bookings and shoulder-season opportunities. A 150-unit aparthotel could be operated directly, leased to a hospitality company or developed as part of an investment partnership. The approved project gives prospective purchasers a defined concept to investigate instead of acquiring land with no development proposal. Its commercial classification aligns with buyers searching for hospitality and tourism investment land. Rental potential and ROI should be tested through a detailed feasibility study covering construction, financing, operating and marketing costs. The property does not include a completed building, furnishings or guaranteed income, so the development stage requires careful planning. Qualified advisers should verify the approval, licences, construction parameters and title documentation. Contact us now to arrange a full review of this Algarve aparthotel investment opportunity.
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
