You can enquire about purchasing the 25,060 m² Pine Valley plot in Olhos de Água through the selling agent, with an asking price of €8,900,000. The price includes the plot and the approved project for a wellness resort with a maximum of 137 units, but construction is not included. The site is marketed as a commercial development opportunity near Albufeira. The project provides a framework for creating tourist accommodation focused on wellness, families and communal facilities. Its eastern buildings are intended to house the principal health and wellness functions. These buildings are planned to include reception facilities, shared areas and a fully equipped clinic specialising in rejuvenation. The western buildings are designed for a more relaxed family-oriented experience. Guests across the development would have access to the wellness facilities and other communal amenities. The resort concept is built around sunshine, fresh air, nature and healthy activities in the Algarve. The nearest beach is around 4 km from the plot. Olhos de Água is approximately 2.5 km away. Albufeira is about 7 km from the site and offers an established tourism, retail and leisure environment. Golf facilities are around 3 km away. Faro Airport is roughly 32 km from the proposed development. A prospective buyer should request the approved project documents and confirm the scope of the planning approval. Legal, technical, environmental and financial checks should be completed before exchanging contracts. The future owner could assess tourist rentals, wellness retreats, family holidays or a hybrid operating model. Investment returns cannot be guaranteed and will depend on delivery costs, funding, management and future demand. The purchase process should also account for construction, licensing, infrastructure and operational requirements. Contact us now to receive further details and arrange the next step towards acquiring Pine Valley.
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
