This plot in Olhos de Água is conveniently located just 4 km from the nearest beach, making it an exceptional investment opportunity for those looking to develop touristic apartments. Situated on a spacious 25,060 m² area, this property benefits from an approved project aimed at creating a wellness resort with 137 units designed for both families and individual guests. This proximity to the coastline means potential buyers can expect high foot traffic from holidaymakers seeking relaxation and recreational activities.
Additionally, the cost of entering the Algarve's lucrative market is €8,900,000, which includes both the plot and the approved project plans, providing instant value for developers. The nearby area is known for its vibrant tourism scene, with multiple attractions and facilities within easy reach, ensuring a successful operating environment for your future resort.
Investors will also be pleased to know that Albufeira is just 7 km away, offering even more opportunities for growth and clientele. Close to local amenities, such as golf courses and Faro airport (32 km), this location possesses ample advantages to attract both tourists and residential buyers.
Seize this prime opportunity to invest in a thriving community. Contact us today to learn more about this plot and the steps to make it 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
