An investment opportunity is available to buy a 25,060 m² commercial plot near Olhos de Água with an approved wellness resort project. The asking price is €8,900,000 for the land and approved project, excluding construction costs. The approved concept allows for a maximum of 137 tourist units within a resort designed for wellness-focused stays. This creates scope for a substantial Algarve hospitality development close to Albufeira. The proposal separates the resort into eastern and western buildings with distinct guest experiences. The eastern area is dedicated more strongly to health and wellness. It is planned to include reception facilities, communal areas and a fully equipped rejuvenation clinic. The western buildings are designed with families and relaxed holidays in mind. Guests in both areas are intended to benefit from shared wellness services and communal amenities. The resort concept is suited to buyers targeting tourism, health retreats, family accommodation or a combination of these markets. The location is approximately 4 km from the nearest beach. Olhos de Água lies around 2.5 km away, offering proximity to the coast and everyday conveniences. Albufeira is about 7 km from the development, supporting access to a well-known tourism destination. Golf is available approximately 3 km away. Faro Airport is roughly 32 km from the plot, which supports international accessibility. Investors may consider holiday accommodation, specialist retreats, long-stay wellness packages or managed rental use. Any projected ROI or rental income should be assessed through a full feasibility study based on current market conditions and development costs. The sale provides an approved project framework rather than a completed resort, allowing the purchaser to shape delivery and operations. Contact us to explore the documentation, development potential and next steps for this Algarve investment.
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
