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What is the cost of a plot with an approved project for tourist apartments in Albufeira?

Plot in Olhos de Água

ref. VM1988
8.150.000€
  • NA
  • 25.060m2

The cost of this plot with an approved project for tourist apartments in Albufeira is €8,150,000. This investment opportunity covers a large plot designed for a wellness resort, enabling the development of up to 137 units. Located just 4 km from the nearest beach, this property offers a prime location for those looking to invest in the thriving Algarve tourism market.

With a design focused on health and wellness, the project includes two main buildings with comprehensive communal facilities, such as a fully equipped clinic specialised in rejuvenation. The east buildings cater to wellness-focused guests, while the west buildings provide a family-friendly atmosphere, giving you the flexibility to attract different types of visitors.

The plot sits within a region known for its beautiful climate and scenic landscapes, providing a fantastic backdrop for any health and wellness tourism project. The proximity to Faro airport, only 32 km away, makes it easily accessible for international guests, increasing its appeal as a tourist destination.

Additionally, the area is a short distance from popular golf courses, enhancing its attractiveness for visitors seeking both relaxation and recreation. This plot offers significant investment potential, with the burgeoning market for wellness tourism continuing to grow.

Whether you’re an established investor or seeking to enter the market, this approved plot presents a rare opportunity in a sought-after location. Don’t miss out on your chance to own a prime piece of real estate in Albufeira.

Contact us now to schedule 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
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