The investment required for this approved plot in Albufeira is €8.9 million, encompassing both the land and the fully approved project for developing 137 touristic apartments. This is an excellent chance for investors looking to enter the lucrative hospitality market in the Algarve, known for its beautiful landscapes and warm climate. The plot's strategic location just 4 km from the nearest beach ensures high visitor interest, along with its proximity to Olhos de Água and numerous local attractions. This investment not only secures land but also streamlines the development process with prior approvals already in place. With strong tourism demand in the region, creating a range of apartments for diverse clientele is a smart business move. Consider the potential returns and rental income this plot could generate in such a popular destination. For more detailed information and to schedule a viewing, contact us 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
