An investment opportunity is available to buy a 25,060 square metre commercial plot near Albufeira with an approved wellness resort project priced at €8,900,000. The development has potential for a maximum of 137 tourist units and is located close to the Algarve coast. The scheme is designed to combine wellness accommodation, family stays and shared resort services. The land is situated at Pine Valley Resort in Vale Navio, within the Olhos de Água area of Albufeira. Health-focused facilities are planned for the two eastern buildings. These buildings are intended to include a reception, communal spaces and a fully equipped clinic specialising in rejuvenation. The two western buildings are planned to offer a more relaxed environment aimed at families. Residents and guests in both areas would benefit from access to the resort’s wellness facilities and other communal amenities. This layout could appeal to investors seeking a mixed-use hospitality concept rather than a conventional apartment development. Tourist accommodation may provide rental potential through seasonal holidays, wellness retreats and family-focused breaks, subject to the relevant operating permissions. The site is approximately 4 kilometres from the nearest beach. It is also around 2.5 kilometres from Olhos de Água and 7 kilometres from Albufeira. Golf facilities are approximately 3 kilometres away, offering an additional leisure attraction for visitors. Faro Airport lies about 32 kilometres from the development, helping connect the resort with overseas markets. The approved project can reduce some early-stage uncertainty compared with acquiring land without an established development proposal. The sale includes the plot and approved project, although building works and associated construction expenditure remain the buyer’s responsibility. Any return on investment will depend on construction costs, financing, management, demand, pricing and successful project delivery. Buyers should review the approval documents, commercial model and regulatory requirements with their professional advisers. Contact ICONICA Properties to explore this wellness resort investment opportunity near Albufeira.
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
