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How many apartments can be built on a 25060 sqm plot in Algarve?

Plot in Olhos de Água

ref. VM1988
8.900.000€
  • NA
  • 25.060m2

On a 25,060 sqm plot in Algarve, you can build up to 137 touristic apartments under the approved project aimed at creating a wellness resort. This unique project balances both relaxation and rejuvenation, tailored for vacationers seeking well-being in the beautiful Algarve climate. The facilities include designated areas for both families and health-focused amenities, ensuring diverse offerings for prospective guests. Located just 4 km from the beach and 32 km from Faro airport, this plot benefits from a prime location that promises a good influx of tourists. Furthermore, the vicinity offers golf courses and other recreational activities, enriching your property's appeal. The investment not only promises potential high rental income but also adds value to the local community by promoting healthy tourism. With growing demand in the wellness sector, this development could turn out to be a lucrative venture. For more information on this excellent investment opportunity, contact us now!

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
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