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

Plot in Olhos de Água

ref. VM1988
8.150.000€
  • NA
  • 25.060m2
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The cost of the plot for touristic apartments in Olhos de Água is €8,150,000. This unique offering includes an approved project designed for a wellness resort, allowing for the development of up to 137 units. Investors looking to create a high-value getaway will find this an excellent opportunity to tap into the booming tourism market in the Algarve.

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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