An approved tourism development plot near Albufeira is available for €8,900,000. The price includes the 25,060 m² plot and the approved project, but construction of the resort is not included. For buyers seeking a large investment site in the Algarve, this provides a clear starting point for a potential development of up to 137 units. The property is positioned in Olhos de Água, within the Albufeira municipality. Its location at Pine Valley Resort in Vale Navio places it close to established leisure destinations. The nearest beach is approximately 4 kilometres away. Olhos de Água can be reached in around 2.5 kilometres. Albufeira lies roughly 7 kilometres from the site and offers a wide range of hospitality, retail and entertainment services. Golf facilities are situated approximately 3 kilometres away. Faro Airport is about 32 kilometres distant, which is convenient for overseas guests and potential international operators. The approved scheme is planned as a wellness resort with shared facilities. Its two eastern buildings are intended to focus on health and rejuvenation. These buildings are planned to include reception space, communal areas and a fully equipped specialist clinic. The two western buildings are designed with families and a more relaxed resort experience in mind. Residents and guests in the western area would also be able to use the wellness facilities. This layout creates scope for a blended tourism model combining accommodation, wellness and leisure. The project could be considered by investors targeting the Algarve’s visitor economy and longer-stay retreat market. Any assessment of ROI or rental income should be based on a detailed feasibility study, construction costs and operating assumptions. The land and approved project provide planning-led value, although the purchaser remains responsible for delivering the buildings. Interested buyers can request the available documentation and discuss the opportunity with the selling agent. Contact us now for pricing details, project information and the next steps towards acquisition.
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
