The cost of a prime plot in Olhos de Água with an approved project for tourist apartments is €8,900,000. This strategically located plot not only comes with an approved project but covers a generous area that allows for the construction of 137 attractive units. Just 4 km from the nearest beach and only 3 km from local golf courses, this location promises to attract a high volume of visitors looking to embrace the sun-soaked lifestyle of the Algarve.
Positioned within a burgeoning area, this investment opportunity is tailored for developers aiming to capitalise on the ever-increasing appeal of tourist accommodation in Portugal. The dual-faceted design ensures flexibility for both relaxation and wellness, appealing to a broad market.
With easy access to Olhos de Água and Albufeira, the plot’s connectivity is another selling point. It's perfect for buyers looking to dive into the lucrative tourist rental market. Don't miss this golden opportunity—contact us to learn more about how you can develop this plot into a flourishing retreat.
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
