The Pine Valley development plot is offered for €8,900,000, including the plot and the approved project for tourist accommodation. Construction of the resort is not included in the asking price. Located in Olhos de Água, near Albufeira, the site has potential for a wellness resort with a maximum of 137 units. The commercial plot measures approximately 25,060 m². An approved development project is already in place, giving investors a defined concept for the next stage. The scheme is arranged across two principal areas. The eastern buildings are planned around health and wellness services. They include reception areas, communal facilities and a fully equipped clinic focused on rejuvenation. The western buildings are intended to provide a more relaxed environment for families. Residents and guests in the family-oriented wing would also have access to the wellness facilities and shared amenities. The resort concept responds to demand for healthy activities, fresh air, sunshine and contact with nature. The nearest beach is approximately 4 km away. Olhos de Água is around 2.5 km from the plot, providing access to local services and coastal attractions. Albufeira is approximately 7 km away, while nearby golf facilities are about 3 km from the site. Faro Airport can be reached at a distance of roughly 32 km. Buyers can investigate accommodation, wellness and rental strategies suited to the Algarve tourism market. Potential returns will depend on construction costs, financing, management, licensing and future occupancy, so detailed due diligence is essential. Contact us now to request the project information and discuss purchasing this approved development opportunity.
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
