Buying this commercial development site near Albufeira provides access to a 25,060 square metre plot with an approved project for a resort of up to 137 units. The asking price is €8,900,000, including the land and approved project but not the construction of the buildings. Its planned wellness resort concept is positioned approximately 4 kilometres from the nearest beach and 3 kilometres from golf facilities. Located at Pine Valley Resort in Vale Navio, the site combines a sizeable landholding with an established development proposal. The approved scheme is divided between eastern health and wellness buildings and western family-oriented buildings. The eastern area is planned to contain reception facilities, communal spaces and a fully equipped clinic specialising in rejuvenation. The western buildings are intended to create a more relaxed setting for families and leisure guests. Both wings are designed to connect with the wider wellness facilities and communal amenities. This proposed mix may help attract different customer groups within one resort operation. A 137-unit capacity offers scale for a structured tourist accommodation and wellness business, subject to the final approved implementation. Potential commercial benefits could include tourist rentals, retreat programmes, clinic services and ancillary resort activities. These opportunities would need to be assessed against the development budget, staffing requirements, operating model and market demand. Olhos de Água is approximately 2.5 kilometres away and offers access to a popular Algarve coastal setting. Albufeira, around 7 kilometres from the property, provides established tourism infrastructure, restaurants and entertainment. Faro Airport is approximately 32 kilometres away, supporting convenient access for international guests and potential operators. The site’s proximity to beaches and golf may broaden its appeal beyond visitors focused exclusively on wellness. Purchasing an approved development opportunity can help investors move more quickly into detailed planning and feasibility work than starting with undeveloped land without a project. A professional review should confirm the current planning position, permitted uses, construction obligations and realistic return projections. Contact ICONICA Properties now to discuss buying this approved Algarve resort 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
