This 25,060 m² plot for sale in Olhos de Água includes an approved project for a wellness resort. Priced at €8,900,000, it is a high-value investment plot near Albufeira with potential for up to 137 touristic units. The purchase price covers the land and approved project, excluding all construction costs. The proposed development is arranged around health, wellness and family accommodation. Two eastern buildings are dedicated primarily to the resort’s health and wellness offering. Their planned facilities include reception space, communal areas and a rejuvenation clinic. Two western buildings are intended to provide a more relaxed setting for families. Residents and guests of the western area would also benefit from access to the wellness and communal facilities. This layout may enable an operator to target different customer groups within one integrated destination. The plot sits approximately 4 kilometres from the nearest beach. Olhos de Água is roughly 2.5 kilometres away and offers convenient access to coastal amenities and everyday services. Albufeira is about 7 kilometres from the site, broadening the surrounding tourism and entertainment offer. Golf is approximately 3 kilometres away for guests seeking additional leisure activities. Faro Airport is located around 32 kilometres from the development. The approved status provides a valuable starting point for a buyer planning a significant hospitality project. Possible commercial uses include tourist accommodation, wellness retreats, rejuvenation services and family-focused holidays, subject to the applicable approvals. The scale of the land and permitted unit count could support a diversified revenue model. Investors should commission their own legal, technical and financial due diligence before committing to the purchase. No guaranteed ROI or rental return is stated, so forecasts should be based on verified market research and construction figures. Enquire with ICONICA Properties to review the opportunity and arrange a site visit.
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
