Property Development With Potential For 18 Flats Or A 4 Star Boutique Aparthotel

An excellent investment opportunity in the historic centre of Aljezur, right on the Costa Vicentina, in a location of great interest to both tourists and residents. With a plot area of 2,001.20 m², this property offers two possibilities for property development: a residential development or a 4-star aparthotel. 1 - Residential Development Feasibility study for the construction of a four-storey residential and commercial building, comprising commercial or service spaces on the ground floor covering approximately 300 m², with potential for a restaurant, retail, wellness facilities or other compatible uses, and 18 flats with a gross residential area of approximately 1,480 m², spread over three storeys, including studio to three-bedroom flats, with a rooftop swimming pool. 2. 4-Star Aparthotel An aparthotel comprising 24 holiday units, spread over four levels, with a gross floor area of 1,923.50 m². The concept includes indoor and outdoor swimming pools, a restaurant, a gym, a wellness area, terraces and landscaped gardens. A versatile opportunity for property developers and investors, with potential for residential, commercial or tourist development, in one of the most authentic areas of the Algarve. The tourism project has planning permission approved by Aljezur Municipal Council, issued in September 2026, subject to subsequent legal procedures. The residential proposal is a preliminary study, subject to the necessary municipal approvals. Planning documentation and further information are available on request. (ref PV-T-612)