Investors may consider buying this 60,125 m² aparthotel development site near Albufeira because it combines significant scale with an approved four-star tourism project. The asking price is €13,900,000, including the plot and project but not the construction of the aparthotel. Its location approximately 2 km from the nearest beach adds strong appeal for a future visitor-focused development. The approved scheme permits up to 150 units. Buildings may have a maximum of two storeys. The planned construction area is approximately 19,800 m². The project also includes around 4,800 m² of basement area. This provides a substantial framework for developing accommodation and supporting facilities, subject to the approved plans and applicable conditions. Olhos de Água is approximately 2.5 km away. Albufeira is around 7 km from the site. A golf course is located approximately 3 km away. Faro Airport is about 32 km distant. The combination of coastal access, golf proximity and airport connectivity can support a broad tourism proposition. The Algarve attracts visitors seeking beaches, golf, dining and outdoor leisure throughout the year. A 150-unit aparthotel could be positioned for holiday rentals, longer stays or a managed hospitality model. Investors may also explore a partnership with a hotel operator or development partner. The approved project offers a defined development direction while leaving scope for detailed commercial and design decisions. ROI and rental performance cannot be guaranteed and should be tested through an independent market and viability study. The purchaser must allow for construction, infrastructure, fit-out, licensing and operating expenditure. The site is offered as commercial development land rather than a completed income-producing property. Contact us now to examine the opportunity, review 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
