Yes, the 25,060 m² Olhos de Água landholding is for sale with an approved wellness resort project for a maximum of 137 units. The asking price is €8,900,000, including the plot and approved project but not the construction of the development. It offers investors an approved commercial opportunity near Albufeira in the Algarve. The land is approximately 4 kilometres from the nearest beach. Olhos de Água is located around 2.5 kilometres away. Albufeira is approximately 7 kilometres from the site. Faro Airport is about 32 kilometres away. Golf facilities can be found roughly 3 kilometres from the plot. The approved resort concept is divided into eastern and western buildings. The eastern area is planned around health, wellness and rejuvenation. It includes a proposed reception, communal facilities and a fully equipped specialist clinic. The western area is designed for families seeking a more relaxed resort environment. Family accommodation would retain access to the wellness facilities and shared amenities. A maximum of 137 units could provide meaningful scale for future resort operations. The scheme may suit investors, hospitality groups or wellness operators seeking an Algarve project with planning approval in place. Its position near beaches and golf courses can support tourism and short-stay accommodation strategies. Potential rental income and ROI should be modelled against construction costs, operating expenses and projected occupancy. Buyers should review the planning approval, technical information and commercial assumptions with qualified advisers. The property is available for purchase subject to the applicable transaction terms. Contact ICONICA Properties to obtain the full details and arrange a viewing of the landholding.
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
