The development plot and approved project are offered for €8,900,000 near Albufeira. The price includes the 25,060 m² plot and the approved project, but not construction costs. Planning approval provides potential for a wellness resort with up to 137 touristic units. Located in Olhos de Água, the site is approximately 4 kilometres from the nearest beach. Olhos de Água itself is around 2.5 kilometres away. Albufeira is approximately 7 kilometres from the development. Faro Airport can be reached in about 32 kilometres. Golf facilities are available roughly 3 kilometres away. The approved concept is divided into eastern and western areas. The two eastern buildings are intended to focus on health and wellness. They include plans for reception and communal facilities. A fully equipped rejuvenation clinic is also part of the eastern concept. The western buildings are designed with families and a more relaxed atmosphere in mind. Residents and guests in the western wing would also have access to wellness facilities. Shared amenities create opportunities for an integrated resort experience. The location combines Algarve beaches, golf, sunshine and access to nature. Investors could explore hospitality, wellness and family accommodation uses within the approved framework. Rental income and return on investment would depend on construction, operation, financing and market performance. Buyers should independently verify the planning documentation, development costs and commercial feasibility. Contact ICONICA Properties to request further information and arrange a viewing.
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
