Explore prime investment opportunities in the Algarve with this plot featuring an approved development project for tourist apartments in Olhos de Água. This large plot is designed for a wellness resort accommodating up to 137 units, tailored for investors looking to dive into a lucrative real estate market. With only 4 km to the beach, and an attractive location that caters to health and wellness seekers, this development is an excellent choice for those wanting to invest in holiday rentals.
The project delineates two distinct areas aimed at different market segments: wellness-oriented facilities in the east and family-friendly accommodation in the west. This versatile approach ensures broad appeal and the potential to attract diverse clientele to your resort. Additionally, the proximity to Albufeira, just 7 km away, offers easy access to dining, shopping, and entertainment venues, making it an attractive location for guests.
The region is thriving, with numerous nearby attractions, beautiful beaches, and golf courses that add considerable value to the plot. Investors can benefit from strong rental yields, given the ongoing demand in this lifestyle-oriented area. If you're looking for approved development projects in Algarve, this is an ideal option to consider. Get in touch to learn more about this fantastic investment 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
