Commercial land for sale near Albufeira with planning approval for health, wellness and family accommodation is available in Olhos de Água for €8,900,000. The sale includes a 25,060 m² plot and the approved development project, excluding the cost of constructing the buildings. The approved plan provides for a maximum of 137 touristic units. This makes the site relevant to investors seeking a sizeable Algarve hospitality or wellness opportunity. The plot is approximately 4 kilometres from the nearest beach. It is about 2.5 kilometres from Olhos de Água and 7 kilometres from Albufeira. Faro Airport is approximately 32 kilometres away. Golf facilities are available within roughly 3 kilometres. The development is planned in two principal areas with different guest profiles. The eastern buildings are focused on health and wellness services. Their proposals include reception areas, communal facilities and a fully equipped rejuvenation clinic. The western buildings are intended to offer a more relaxed setting for families. Family guests would also benefit from access to the wider wellness facilities. This arrangement could support complementary accommodation and specialist retreat uses. The location offers access to beaches, golf, local amenities and the wider Algarve tourism network. Commercial buyers may investigate holiday rentals, wellness retreats and managed accommodation within the approved framework. Potential ROI will depend on the final design, build budget, management model and future occupancy. Planning status and technical documents should be checked with the relevant professionals before committing to the acquisition. Contact ICONICA Properties to discuss this commercial land opportunity and arrange a site visit.
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
