Investors looking into residential developments in Olhos de Água will find immense opportunities with this plot ready for touristic apartments. Priced at €8,150,000, this site comes equipped with an approved project for 137 units, ideal for family-oriented and wellness-focused builds. The location is only 4 km from the beach, making it an attractive option for those who seek sun, leisure, and a healthy lifestyle. With a well-designed project combining wellness with family-oriented spaces, this development not only addresses today's market demands but also positions itself for future growth. The nearby attractions, such as golf courses and scenic beaches, enhance the appeal, ensuring consistent demand from tourists and residents alike. Additionally, the excellent accessibility to Faro airport further solidifies Olhos de Água as a prime spot for investment. Buyers can capitalize on the booming tourism and wellness trends that are capturing investors' interest across Portugal. Whether you’re looking to develop rental units or a luxurious retreat, the flexible layout provides ample opportunity to suit various buyer profiles. Explore this promising investment today and secure your future in the captivating Algarve region!
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
