The asking price for this prime plot in Olhos de Água, which is ready for touristic apartments, is €8,900,000. This includes an approved project that allows the construction of 137 units, making it a lucrative investment opportunity. Located just a short drive from beautiful beaches and popular destinations like Albufeira, this plot is perfectly situated to attract tourists. With a total land area of 25,060 square metres, buyers will find ample opportunity for development catering to the growing wellness and family tourism market. The east buildings of the project will focus on health and wellness services, ideally appealing to health-conscious visitors. Meanwhile, the west buildings provide a family-friendly environment designed to enhance the overall guest experience. Proximity to golf courses and Faro airport only adds to its appeal, making this an outstanding investment for stakeholders in the hospitality sector. The potential for high ROI, given the increasing demand for wellness resorts in the Algarve, is significant. This is your chance to secure a vital piece of real estate in one of the most beautiful regions of Portugal. Contact us now for more details and to arrange a viewing!
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
