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

Plot in Olhos de Água

ref. VM1988
8.900.000€
  • NA
  • 25.060m2
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The cost of the plot with an approved project for tourist apartments in Olhos de Águia is €8,900,000, representing an exceptional investment opportunity. This large plot spans approximately 25,060 square meters and includes an approved project designed for a wellness resort offering up to 137 units. Ideal for investors looking to tap into the burgeoning tourism market in the Algarve, this site is merely 4 km from the nearest beach and 2.5 km from Olhos de Águia.

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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