Buying this commercial development plot provides the opportunity to acquire land with an approved wellness resort project approximately 4 km from the beach. The asking price is €8,900,000, and the sale includes the 25,060 m² plot and approved project but excludes construction costs. Its location near Olhos de Água and Albufeira combines coastal access with a sizeable tourism market. The planned resort has capacity for a maximum of 137 units. The development is organised into two principal areas to serve different guest profiles. The eastern buildings focus on wellness, health and rejuvenation. They are designed to include reception facilities, shared spaces and a fully equipped specialist clinic. The western buildings offer a calmer environment suited to families. Both sections are intended to connect with the resort’s wellness services and communal amenities. This combination could appeal to operators seeking a differentiated hospitality concept in the Algarve. Guests may be attracted by the region’s sunshine, fresh air, nature and opportunities for healthy outdoor activities. The nearest beach is roughly 4 km away. Olhos de Água is only about 2.5 km from the site. Albufeira is approximately 7 km away, expanding access to dining, entertainment and established visitor services. Golf is available around 3 km from the plot. Faro Airport is approximately 32 km away, supporting access for overseas owners, operators and guests. The approved project may reduce early-stage uncertainty compared with acquiring unplanned development land, subject to verification of all permissions and conditions. Buyers should still commission legal, planning, technical and financial due diligence before proceeding. Rental income and ROI will depend on the completed scheme, operating model, market demand and overall construction budget. Contact us to review the project and discuss how to purchase this strategically located Algarve development site.
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
