The price for investing in a touristic apartment plot in Olhos de Água is €8,150,000. This plot comes with an approved project that allows for a total of 137 units, offering substantial potential for return on investment through tourism. Ideally situated just 4 km from the beautiful beaches of Albufeira, this property presents an excellent opportunity for buyers looking to develop a family-friendly wellness resort. The design includes communal facilities that focus on health and wellness, catering to the increasing demand for vacation rentals in the area. You will find yourself in a prime location, only 2.5 km from Olhos de Água and within easy reach of the Algarve's most attractive attractions. By capitalising on the wellness trend, this investment positions you to benefit from both tourism and long-term rentals. The surrounding area boasts a variety of amenities, including local restaurants, shops, and golf courses. Investing in this plot not only secures a prime piece of real estate but also contributes to the growing market of wellness tourism. Consider the potential this investment holds and how it fits into the overall development landscape of the Algarve. Contact us now to get detailed plans and take the first step towards securing this lucrative opportunity!
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
