You can buy this 25,060 m² development plot in Olhos de Água, Albufeira, with an approved project for a wellness resort. The asking price is €8,900,000 and includes the land and approved project, but not the construction of the buildings. It offers a substantial Algarve investment opportunity with capacity for a maximum of 137 units. The resort concept is divided into eastern health and wellness buildings and western family-oriented accommodation. The two eastern buildings are planned to include reception areas and communal facilities. They also provide for a fully equipped clinic specialising in rejuvenation. The western buildings are designed to create a more relaxed environment for families. Guests in the west wing would also have access to the wellness facilities and shared amenities. This combination could appeal to operators targeting health retreats, family holidays and longer-stay tourism. The plot is located approximately 4 kilometres from the nearest beach. Olhos de Água is around 2.5 kilometres away, providing access to local services, restaurants and coastal attractions. Albufeira is approximately 7 kilometres from the development. Faro Airport can be reached at a distance of about 32 kilometres. Golf facilities are situated approximately 3 kilometres away, supporting a varied leisure offering. The approved scheme gives a buyer a defined development framework rather than an entirely undeveloped concept. Its scale may suit a specialist resort operator, institutional buyer or development partnership. Potential income could come from tourist accommodation, wellness programmes, clinic services and communal resort facilities, subject to final development and operating arrangements. Buyers should independently verify the approval, licensing, construction requirements and projected financial performance before proceeding. Contact ICONICA Properties to discuss the project documentation and arrange a viewing.
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
