Buying this approved aparthotel opportunity can give an investor access to a large tourism project only 2 kilometres from the nearest Algarve beach. The property is offered for €13,900,000 and includes the 60,125 m² development plot with its approved project. It is located at Pine Valley Resort in Olhos de Água, within the Albufeira area. The approved concept is for a four-star aparthotel for touristic use. Up to 150 units may be constructed under the approved proposal. The buildings can reach a maximum of two storeys, supporting a lower-density resort layout. The scheme includes 19,800 m² of construction area plus 4,800 m² of basement area. The purchase price includes the land and project, while construction itself remains the buyer’s responsibility. This allows a purchaser to select the building programme, financing structure and hospitality partners. The coastal location may appeal to guests seeking beaches, dining and leisure activities in the Algarve. Olhos de Água is approximately 2.5 kilometres away and offers convenient local amenities. Albufeira is around 7 kilometres from the site and attracts visitors throughout much of the year. Golf is available approximately 3 kilometres away, adding another potential guest market. Faro Airport is roughly 32 kilometres from the proposed aparthotel. A sizeable 150-unit operation could support rental income from holiday stays, subject to successful development and management. The approved tourism use may also help an investor shape a dedicated hospitality business rather than a conventional residential scheme. Buyers should model construction expenditure, financing, staffing, occupancy and operating margins before making an investment decision. Potential ROI should be assessed through an independent feasibility study based on current Algarve tourism data. The planning documentation and technical requirements should be reviewed with qualified Portuguese professionals. Contact us now to discuss the opportunity, request the documentation and arrange a site visit.
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
