An approved wellness resort development in Olhos de Água is available for €8,900,000, offering a 25,060 m² plot with potential for up to 137 tourist units. The investment includes the plot and approved project, while the future construction works must be funded separately. It is suited to buyers looking to create a substantial health, wellness and family tourism business in the Algarve. The planned resort is positioned near Vale Navio in the Olhos de Água area. The nearest beach is approximately 4 kilometres away, giving future guests access to the Algarve coastline. Olhos de Água is about 2.5 kilometres from the site and Albufeira is around 7 kilometres away. Faro Airport can be reached in approximately 32 kilometres. Golf is available roughly 3 kilometres from the plot, adding another leisure attraction for visitors. The approved scheme is arranged across eastern and western buildings. The eastern buildings are designed to concentrate on health and wellness services. Their planned facilities include reception areas, communal spaces and a fully equipped rejuvenation clinic. The western buildings are intended to provide a more relaxed setting for families. Family guests would also be able to use the wellness facilities and other communal areas. This separation of functions could support several target markets within one commercial resort. Potential revenue streams may include accommodation, wellness programmes, clinic services and shared resort amenities. Investors can evaluate whether the approved 137-unit capacity supports their preferred rental, management or sales strategy. The existing project may offer a more advanced starting point than purchasing land without planning approval. Financial forecasts, construction costs, operating expenses and achievable ROI should be confirmed through independent professional advice. The location combines proximity to beaches, golf, Albufeira and an international airport. Contact ICONICA Properties to explore the approved plans and arrange a viewing of the development plot.
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
