An investment opportunity in the historic centre of Aljezur, strategically located along the Costa Vicentina, offering potential for the development of an 18-apartment residential complex or a 4-star boutique aparthotel with 24 tourist accommodation units.
Set on an urban plot of 2,001.20 m², the property combines a preliminary residential feasibility study with a favourable Preliminary Information Request (PIP) issued by Aljezur Municipal Council for a tourism development, offering two distinct opportunities for investors and property developers.
Residential Development Potential – 18 Apartments
The preliminary architectural study proposes a mixed-use residential development, comprising 18 apartments across three residential floors, commercial or service spaces on the ground floor, and a rooftop swimming pool.
The indicative layout includes:
- 5 studio apartments (T0), ranging from 45 to 50 m²;
- 4 one-bedroom apartments (T1), ranging from 60 to 100 m²;
- 4 two-bedroom apartments (T2), approximately 80 m² each;
- 5 three-bedroom apartments (T3), ranging from 95 to 105 m².
The concept provides approximately 1,480 m² of gross residential floor area and 300 m² allocated to commercial or service uses, with potential for restaurants, retail or wellness facilities.
This proposal offers the possibility of developing apartments for individual sale, complemented by shared amenities and services, in a central location in Aljezur.
The residential study is preliminary and non-binding. The final configuration and development remain subject to municipal approval and all applicable legal requirements.
Tourism Development Alternative – 4-Star Aparthotel
The property benefits from a favourable Preliminary Information Request (PIP) issued by Aljezur Municipal Council in September 2026 for the development of a 4-star aparthotel.
The tourism project provides for a gross construction area of 1,923.50 m², distributed across four levels, including:
- 24 tourist accommodation units: 21 studios (T0) and 3 one-bedroom units (T1);
- restaurant and communal lounge areas;
- gym and wellness facilities;
- indoor and outdoor swimming pools;
- terraces, landscaped gardens and communal areas.
This alternative presents a defined tourism development concept, suitable for investors and hotel operators, subject to the remaining applicable legal and administrative procedures.
Strategic Location
Located in the historic centre of Aljezur, approximately 200 metres from Aljezur Castle, the property enjoys convenient access to local shops, restaurants, services and cultural attractions.
The beaches of Amoreira, Monte Clérigo and Arrifana are just a short drive away, in a region renowned for its unspoilt landscapes, surfing, nature tourism and outdoor activities.
Aljezur combines the authenticity of a traditional Portuguese town with the appeal of the Costa Vicentina, creating an attractive setting for both residential and tourism developments.
Key Features
- Plot size: 2,001.20 m²
- Residential development potential: 18 apartments (5 studios, 4 one-bedroom, 4 two-bedroom and 5 three-bedroom units)
- Indicative gross residential floor area: 1,480 m²
- Commercial or service spaces: approximately 300 m²
- Proposed residential amenities: rooftop swimming pool
- Tourism development alternative: 4-star aparthotel
- Proposed tourist accommodation units: 24 (21 studios and 3 one-bedroom units)
- Gross hotel construction area covered by the favourable PIP: 1,923.50 m²
- Building footprint under the tourism project: 607.94 m²
- Planning status: Favourable Preliminary Information Request (PIP) for the tourism development
An Investment Opportunity with Two Development Strategies
The combination of a central location, residential development potential and a tourism project supported by a favourable Preliminary Information Request gives this property considerable flexibility for investors and developers.
An opportunity to create a mixed-use residential development or pursue a distinctive tourism project in one of the most authentic regions of the Western Algarve.
Investment Teaser, Business Plan, preliminary residential study and supporting planning documentation available upon request to qualified prospective investors.