The cost of this large plot for touristic apartments in Olhos de Água is €8,150,000, making it a compelling investment for developers and buyers looking to enter the Algarve market. Covering a significant surface area of 25,060 square metres, this plot comes with an approved project that allows for the construction of up to 137 units. Being just a short 4 km away from the vibrant beach scene and close to popular local amenities increases its value dramatically.
This investment opportunity is specifically tailored for those aiming to develop a wellness resort designed to enhance lifestyle and leisure. The development, divided into two main buildings, focuses on health and wellness with communal facilities that cater to a family-friendly environment while integrating relaxation. The foremost building houses a fully equipped clinic and reception areas, ideal for newcomers seeking revitalisation and health-oriented activities.
Located conveniently within proximity to essential travel points—only 32 km from Faro airport and nearby golf courses—this plot ensures easy access for potential guests and residents alike. The investment promises not only a high return potential but also contributes to the well-being of its clientele, making it suitable for the modern tourism industry. Secure your future in one of the most desired destinations in Europe by exploring this lucrative offer today. Get in touch for additional details and opportunities!
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
