Buying the approved Pine Valley aparthotel site near Olhos de Água gives investors access to a 60,125 m² commercial plot with tourism development potential. The project has approval for a four-star aparthotel comprising up to 150 units. Its asking price is €13,900,000 for the land and approved project, with construction excluded. This combination of location, scale and planning approval may suit buyers seeking a hospitality investment with future rental potential. The development is positioned approximately 2 km from the nearest beach. It is also about 3 km from a golf course, adding another leisure attraction for prospective guests. Olhos de Água lies around 2.5 km away and offers local coastal amenities. Albufeira, approximately 7 km from the site, is a recognised Algarve tourism destination. The wider area attracts visitors for beaches, golf, dining and warm-weather holidays. The approved design permits buildings of up to two storeys. It provides for around 19,800 m² of construction area and 4,800 m² of basement space. A 150-unit aparthotel could offer several accommodation formats subject to the final design and operating model. This may allow an operator to target families, couples, groups and extended-stay guests. The project’s tourism classification can help frame future commercial and rental assessments. Investors should conduct their own feasibility work on occupancy, pricing, construction costs and expected returns. The distance of approximately 32 km to Faro Airport supports convenient access for domestic and international travellers. The land is being sold as a development opportunity rather than a completed income-producing hotel. Available documents can assist with legal, planning and technical due diligence. Buyers should verify all approvals, conditions and development obligations before exchange of contracts. Contact us today to explore the investment case and arrange a detailed presentation.
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
