An investment opportunity in the historic centre of Aljezur, strategically located on the Costa Vicentina, offering potential for the development of a residential project alongside an already approved 4-star aparthotel project.
Set on a 2,001.20 m² plot, the property benefits from an approved gross construction area of 1,923.50 m² and a building footprint of 607.94 m², providing a particularly attractive basis for investors and developers seeking to create a distinctive project in the Western Algarve.
Residential Potential
The property represents an opportunity to explore the development of a residential project, benefiting from its central location, dimensions and urban setting.
A preliminary and purely illustrative concept has been developed for a potential residential scheme, featuring low-rise buildings arranged around a swimming pool, gardens and communal areas.
A complementary architectural study is currently being prepared to assess the potential number of units, their respective layouts and building volumes.
Any residential development alternative to the currently approved project will be subject to the relevant assessment and approval by the competent authorities.
Approved Aparthotel Project
As a concrete development alternative, the property benefits from an approved architectural project for a 4-star aparthotel, providing investors with a clearly defined option for the tourism operation of the asset.
The project comprises:
- 24 accommodation units, including 21 studios and 3 one-bedroom units;
- restaurant and lounge areas;
- gym and wellness area;
- indoor and outdoor swimming pools;
- terraces, gardens and communal areas.
The project has received a favourable opinion from the Municipality of Aljezur.
Strategic Location
Located in the historic centre of Aljezur, approximately 200 metres from Aljezur Castle, the property benefits from immediate proximity to the town's shops, restaurants, services and cultural facilities.
The location also provides easy access to the beaches of the Costa Vicentina and the Southwest Alentejo and Vicentine Coast Natural Park, a region renowned for its unspoilt landscapes, beaches, surfing and outdoor activities.
Aljezur combines the authenticity of a historic Portuguese town with growing demand associated with nature, surf and wellness tourism, reinforcing the region's appeal for both residential and tourism developments.
Key Features
Plot: 2,001.20 m²
Approved gross construction area: 1,923.50 m²
Building footprint: 607.94 m²
Approved project: 4-star aparthotel
Units included in the approved project: 24
Configuration: 21 studios + 3 one-bedroom units
Alternative under study: Residential development
Distance to Aljezur Castle: approx. 200 m
An Opportunity with Different Development Scenarios
The combination of a central location, development capacity and an already approved tourism project, together with the possibility of exploring an alternative residential solution, provides this property with a level of flexibility particularly relevant to investors and developers.
An opportunity to develop a distinctive residential project in the heart of Aljezur or proceed with an already designed tourism concept, in one of the most preserved and distinctive areas of the Western Algarve.
Additional technical and planning documentation is available upon expression of interest.