An investment plot for sale in Olhos de Água with an approved wellness resort project is available for €8,900,000. The 25,060 m² landholding includes the approved project, while construction is not included in the asking price. The scheme has potential for up to 137 touristic units across a purpose-designed resort. Situated near Albufeira, the site offers a strong setting for buyers considering a commercial Algarve development. The nearest beach is approximately 4 kilometres away. Olhos de Água is about 2.5 kilometres from the plot. Albufeira is approximately 7 kilometres away for restaurants, services and entertainment. Faro Airport is around 32 kilometres from the site. Golf courses are located roughly 3 kilometres away. The eastern buildings are planned around health and wellness facilities. Their concept includes a reception, communal spaces and a fully equipped clinic focused on rejuvenation. Two western buildings are intended to provide a more family-friendly resort environment. Guests in this area would also be able to use the wellness facilities. The approved layout supports a combination of specialist wellness and family accommodation. This creates potential for diversified hospitality positioning rather than a single-use holiday scheme. The Algarve location may appeal to operators targeting tourism, wellbeing breaks and longer seasonal demand. Any rental yield or ROI would need to be established through a detailed business plan and current market assessment. Development expenditure, operating costs and regulatory requirements should be reviewed before purchase. Contact us for the project documentation, investment information and viewing arrangements.
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
