The Pine Valley plot in Olhos de Água is a plot for sale near Albufeira with an approved project for tourist accommodation. It is priced at €8,900,000, including the 25,060 m² plot and the approved project but not the construction of the buildings. The development has potential for a maximum of 137 tourist units within a planned wellness resort. This makes it a substantial commercial land opportunity for hospitality investors. The project is divided into eastern and western buildings. The eastern buildings are intended to concentrate on wellness and health services. Proposed facilities include reception areas, communal spaces and a fully equipped clinic specialising in rejuvenation. The western buildings are planned to offer a more relaxed setting for families. Family guests would also be able to use the wellness facilities and other communal amenities. The overall concept combines tourist accommodation with healthy activities, nature and the Algarve climate. The nearest beach is around 4 km away. Olhos de Água is approximately 2.5 km from the plot. Albufeira is situated about 7 km away, providing access to a broad range of services, restaurants and tourism infrastructure. Golf facilities are around 3 km from the site. Faro Airport is approximately 32 km away for convenient access by international visitors. Buyers looking to develop rental accommodation can assess several operating models for the approved resort concept. Potential investment performance will depend on construction expenditure, planning conditions, finance, management arrangements and achievable occupancy. The property is marketed for commercial use and is available for purchase as an approved development opportunity. Contact us today to obtain further information and assess whether this plot matches your tourism investment strategy.
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
