The 25,060 m² development plot near Albufeira is offered for €8,900,000. The price includes the plot and an approved project for a tourism development with up to 137 units, but it excludes construction. This gives buyers a clear starting point when assessing the cost of creating a substantial resort scheme in the Algarve. The site is situated in Olhos de Água, approximately 7 kilometres from Albufeira. It is also only about 2.5 kilometres from Olhos de Água village and its local services. The nearest beach lies around 4 kilometres away. Faro Airport is approximately 32 kilometres from the property. Golf is available at a distance of roughly 3 kilometres. The approved plan is designed as a wellness resort rather than a standard residential apartment project. Its eastern buildings are focused on health and wellness facilities. The concept includes reception and communal areas within this part of the development. A fully equipped rejuvenation clinic is also planned. The western buildings are intended to provide a more family-oriented environment. Residents or guests in the western wing would also have access to wellness and shared facilities. The potential unit count makes the land relevant to institutional, hospitality and experienced tourism investors. The location combines proximity to beaches with access to Albufeira’s established visitor economy. A buyer could investigate accommodation revenue, wellness services and ancillary communal facilities as part of a wider operating model. Rental income and ROI cannot be guaranteed and would require detailed feasibility, construction and management analysis. The transaction does not represent a completed resort, so purchasers must budget separately for building and delivery costs. Planning documents and project details should be reviewed with the relevant professional advisers before purchase. Contact us to request the full information and evaluate whether this approved development plot suits your investment strategy.
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
