An approved wellness resort site in Olhos de Água is available for €8,900,000, offering a large-scale Algarve tourism investment opportunity. The 25,060 m² plot comes with an approved project designed for up to 137 units, while construction is not included in the asking price. The development concept creates opportunities across accommodation, wellness, family leisure and specialist health services. Situated in Vale Navio at Pine Valley Resort, the site is around 2.5 kilometres from Olhos de Água. Albufeira is approximately 7 kilometres away and adds a broad range of hospitality, retail and entertainment amenities. The nearest beach is about 4 kilometres from the plot. Faro Airport is located roughly 32 kilometres away for access by international and domestic travellers. A golf course is approximately 3 kilometres from the site. The approved resort is arranged in two main areas with different guest experiences. The eastern buildings are intended to concentrate on health and wellness functions. Their planned facilities include reception areas, communal spaces and a fully equipped clinic specialising in rejuvenation. The western buildings are planned as a more relaxed family-oriented wing. Guests in this section would also be able to use the wellness and communal facilities. This division could support multiple target audiences within a single tourism operation. Investors may explore short-term accommodation, wellness packages, retreats and complementary resort services. The established Algarve location may help support seasonal and international visitor demand, subject to market conditions. Any rental potential, occupancy level and ROI would need to be tested through an independent business plan. Buyers should also confirm the current planning position, licences, construction obligations and operating requirements. The land and approved project are for sale together, creating a defined basis for further due diligence. Contact us today to examine the documents and discuss the next steps for this Olhos de Água 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
