Investors can buy an approved touristic apartment development plot in Olhos de Água, near Albufeira, for €8,900,000. The purchase includes a 25,060 m² plot and an approved project for up to 137 units, but excludes construction. The site is approximately 4 kilometres from an Algarve beach and around 3 kilometres from golf facilities. This location combines leisure access with a substantial approved commercial development concept. Olhos de Água is approximately 2.5 kilometres away. Albufeira is roughly 7 kilometres from the plot. Faro Airport is about 32 kilometres away, supporting access for international visitors and operators. The approved project is designed as a wellness resort with communal facilities. Two eastern buildings are intended to provide a health and wellness focus. The plans include reception facilities and a fully equipped clinic specialising in rejuvenation. Two western buildings are planned with families and relaxed stays in mind. The western wing would still connect to the resort’s wellness and communal amenities. Up to 137 touristic units could create scale for a managed accommodation business. Buyers may consider the opportunity for wellness tourism, family holidays or a blended resort model. The surrounding Algarve setting offers sunshine, fresh air, nature and access to coastal activities. Rental potential may be attractive to an experienced operator, although returns are subject to feasibility, construction and market conditions. The asking price covers the land and approved scheme rather than a completed resort. Interested investors should request the available documentation and obtain independent planning and financial advice. Contact us today to explore the opportunity and schedule 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
