The price of this prime plot in Albufeira, complete with an approved project for tourist apartments, is €8,900,000. This significant investment opens up the possibility of developing up to 137 units within a wellness resort framework. Located in Olhos de Água, just 4 km from the beach and 7 km from Albufeira, this plot is positioned to leverage the growing demand for wellness travel and vacation rentals.
The approved plan includes buildings designed for both health and wellness, targeting health-conscious holidaymakers while also providing family-friendly spaces, making this project versatile for various guests. The area’s myriad attractions and natural beauty further enhance its appeal, promising great returns for savvy investors.
Excellent connectivity with Faro Airport being just 32 km away adds to the attractiveness, making it convenient for tourists. Investing in this plot not only secures a presence in a lucrative market but also aligns with current wellness trends in tourism. This is a unique opportunity to become part of the thriving Algarve property landscape. Don't miss out on the chance to invest in this lucrative project—contact us today to find out more!
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
