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What is the price for a plot with an approved project for touristic apartments in Albufeira?

Plot in Olhos de Água

ref. VM1988
8.150.000€
  • NA
  • 25.060m2
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The price for this exceptional plot with an approved project for touristic apartments in Albufeira is €8,150,000. This property stands out as a prime investment opportunity, covering an impressive area of 25,060 square metres, with plans for a wellness resort to be developed. Located just 4 km from the nearest beach, the approved project envisions 137 units that cater specifically to both families and individuals looking to experience the flourishing Algarve lifestyle.

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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