The cost of this large investment plot for touristic apartments in Olhos de Água is €8,150,000. This plot comes with an approved project to build up to 137 units, making it perfect for developers and investors eager to enter the lucrative Algarve property market. Located merely 2.5 km from the charming village of Olhos de Água and surrounded by picturesque landscapes, it offers an ideal setting for a wellness resort.
The plot's proximity to the beach, only 4 km away, enhances its appeal for touristic accommodations. This investment can provide excellent rental income potential due to the increasing demand for vacation rental properties in the region. It offers a diverse range of activities nearby, including golf, beach access, and tourist attractions.
As the hospitality market continues to thrive, this plot’s prospective project will attract health-conscious travellers looking to indulge in rejuvenating experiences in a serene environment. With substantial space available, purchasers can create luxury accommodations that cater to an upmarket clientele.
Make the most of this valuable opportunity—contact us to explore the possibilities of this desirable investment before it’s off the market!
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
