You can buy this 25,060 m² development plot with an approved wellness resort project in Olhos de Água, Algarve, for €8,900,000. The sale includes the land and approved project, although construction costs are not included. It offers potential for a wellness resort with up to 137 tourist units. Located at Pine Valley Resort in Vale Navio, the plot is approximately 2.5 kilometres from Olhos de Água. Albufeira is around 7 kilometres away, providing access to restaurants, shops, nightlife and established tourist services. The nearest beach is approximately 4 kilometres from the site. Faro Airport can be reached in about 32 kilometres, supporting international visitor access. Golf facilities are approximately 3 kilometres away. The approved concept is divided into two principal areas. The eastern buildings are planned around health and wellness activities. They are intended to include reception areas and communal facilities. A fully equipped clinic specialising in rejuvenation is also included in the concept. The western buildings are designed with a more relaxed atmosphere for families. Guests in this area are intended to have access to the wellness facilities and shared amenities. The project could appeal to investors targeting health, leisure and Algarve tourism markets. Its approved development framework may help reduce some early-stage planning uncertainty compared with an entirely unplanned site. The scale allows a buyer to explore accommodation, wellness and communal-service income streams within one destination. Future rental performance and return on investment would depend on construction, operation, market demand and financial modelling. Buyers should independently verify the approval, licensing, building programme and all associated development costs. Contact us now to discuss this Algarve investment opportunity and arrange further information.
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
