A notable Algarve development opportunity offering an approved health, wellness and family accommodation project is available in Olhos de Água, Albufeira. The 25,060 m² plot is priced at €8,900,000, including the approved project but excluding construction. The scheme has capacity for a maximum of 137 touristic units. Its design separates the resort into two complementary areas for specialist and family stays. The eastern buildings are planned around health and wellness services. They are expected to include reception facilities, communal spaces and a fully equipped clinic focused on rejuvenation. The western buildings are intended to offer a calmer environment suited to families. Guests staying in the family area would still have access to the wellness facilities and shared amenities. This mixed positioning may help a future operator appeal to several tourism segments throughout the year. The location is approximately 4 kilometres from the nearest beach. Olhos de Água is around 2.5 kilometres away and is known for its coastal setting and local conveniences. Albufeira lies approximately 7 kilometres from the plot. Visitors would also be within about 3 kilometres of golf facilities. Faro Airport is approximately 32 kilometres away, which is convenient for overseas visitors and seasonal tourism. The approved proposal offers a clear basis for progressing a sizeable hospitality development. It could be considered by a resort company, healthcare and wellness operator, or investment group seeking an Algarve project. Potential income streams may include accommodation, wellness programmes, clinic services and use of communal facilities. Actual profitability will depend on construction costs, operating strategy, licensing and market conditions. Buyers should obtain independent advice and confirm all planning details before purchase. Contact ICONICA Properties to learn more about this approved resort opportunity.
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
