Approved land for 137 units in the Algarve is currently on the market for €8,150,000, representing a worthwhile investment in a growing sector. This large plot, situated in Olhos de Água, is perfectly positioned just 4 km from the beach, enhancing its appeal to future buyers and renters alike. The property is part of a planned wellness resort, designed to attract health-conscious visitors looking for optimum relaxation and rejuvenation experiences. Investors can benefit from this strategic location, with the bustling town of Albufeira just a short drive away, providing access to shops, restaurants, and entertainment. Moreover, the area’s proximity to popular golf courses and recreational areas only adds to its allure. Owning a piece of this promising development allows for potential high returns, catering to the ongoing trend of wellness tourism in the region. Ideal for developers, the approved project promises a range of communal facilities for future occupants, including a dedicated health clinic. With easy access to Faro airport, this prime location offers great connectivity for tourists and residents alike. Explore this exceptional investment opportunity today and start your journey towards successful property development!
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
