Investing in a plot ready for the development of 137 touristic apartments in the Algarve is made easy with this opportunity priced at €8,900,000. The plot comes with an approved project specifically designed for a wellness resort, ensuring that you have a solid foundation to jumpstart your venture in the growing tourism sector. Situated just 4 km from the beach and approximately 2.5 km from Olhos de Água, this location is highly desirable for future residents and guests.
The wellness resort concept includes communal facilities aimed at enhancing guest experiences, including health and wellness-oriented services and a fully equipped clinic to cater to rejuvenation needs. Such amenities will not only attract more visitors but also assure a competitive edge in the market, enhancing the investment's value over time. Almost anywhere you turn in the Algarve, you'll find stunning landscapes, pristine beaches, and exceptional recreational areas.
Additionally, with Faro Airport only 32 km away, accessibility is significantly improved for both the owners and visitors. The proposed development is positioned within an area that's also just a short drive from various golf courses and leisure activities, increasing its attractiveness year-round. This is an excellent opportunity for investors seeking a lucrative venture in the hospitality industry with significant potential for rental income.
With the Algarve being a favourite holiday destination, the demand for quality accommodations will continue to rise, making this investment increasingly attractive. Now is the time to capitalise on this profitable opportunity. Contact us today to learn more about how you can make this investment yours!
Usage
Commercial
Type
Plot
Town
Olhos de Água
Parish
Albufeira e Olhos de Água
Municipality
Albufeira, Faro
Region
Algarve (Central)
Plot Area
25.060 m²
● Distance to the nearest beach - 4 km
● The price includes the plot and the approved project but not the construction of the building
This plot has an approved project for a Wellness Resort. The development is divided in two main areas with a maximum of 137 units. The two east buildings will focus more on health and wellness of the resort. They will have a reception and other communal facilities but also feature a fully equipped clinic specialized in rejuvenation.
The two west buildings will have a more relaxed feel appropriate for families. The west wing will also have access to the wellness facilities and other communal amenities.
Location
• Distance to the nearest beach - 4 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
