This plot is available for purchase at a cost of €8,150,000, with an approved project specifically for touristic apartments. It is a fantastic opportunity for investors looking to develop a wellness resort with a total of 137 planned units, strategically located just 4 kilometres from the nearest beach. The project is designed to cater to individuals and families desiring a lifestyle enriched by sunshine, nature, and health-oriented amenities that the Algarve region has to offer. The communal facilities will promote relaxation and rejuvenation, making it attractive for those seeking leisure or investment options. Allocating resources into such a development in a high-demand area like Olhos de Água presents robust rental potential and a favourable return on investment. Access to local landmarks, including golf courses located just 3 kilometres away and Faro airport a mere 32 kilometres from the site, enhances its appeal. The plot spans an impressive area of 25,060 square metres. Buyers interested in capitalising on this prime location should not hesitate, as such approvals are rare and sought after. The thriving tourism sector in Algarve supports great occupancy rates for future units planned. Invest now in your slice of paradise—and project a promising future in this beautiful coastal region. Contact us to learn more about this incredible investment opportunity today!
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
