A 25,060 square metre commercial development plot with an approved wellness resort project is available for sale in Olhos de Água, Albufeira, for €8,900,000. The approved scheme allows for a maximum of 137 units within a purpose-designed wellness resort. The purchase price includes the land and approved project, while construction costs are not included. Set in Vale Navio at Pine Valley Resort, the site offers a substantial development opportunity in the Algarve. The planned resort is divided into eastern and western areas to serve different guest requirements. The two eastern buildings are intended to focus on health and wellbeing. They are designed to include reception areas, communal facilities and a fully equipped rejuvenation clinic. The two western buildings are planned with a more relaxed atmosphere suitable for families. Guests staying in the western wing would also have access to wellness services and shared resort amenities. This combination could support a diverse hospitality concept serving wellness travellers, families and longer-stay visitors. The development benefits from a location 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 town centre is approximately 7 kilometres from the plot. Golf facilities are available roughly 3 kilometres away, adding to the appeal for leisure-focused visitors. Faro Airport is approximately 32 kilometres away for convenient international access. The approved project gives investors a defined development framework rather than an entirely unplanned site. Potential income could be generated through tourist accommodation, wellness services and communal facilities, subject to the final business model and applicable approvals. Buyers should independently verify the planning documentation, construction requirements, operating permissions and projected returns before proceeding. Contact ICONICA Properties today to request further information about this Algarve development plot 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
