Buying this large approved development site 4 km from the beach could give an investor access to an established Algarve tourism location. The 25,060 m² commercial plot is available for €8,900,000 and includes an approved project for a wellness resort. The project allows for a development of up to 137 units, creating substantial scope compared with a small individual building plot. Its location at Pine Valley Resort in Vale Navio places it approximately 2.5 km from Olhos de Água. The nearby coast provides an important lifestyle attraction for future guests and operators. The proposed resort is designed around wellness, healthy activities, nature and the Algarve's sunny climate. The eastern buildings are planned to provide health and wellness services, reception facilities and communal areas. A fully equipped clinic specialising in rejuvenation is also included in the approved concept. The western buildings are intended to offer a more relaxed family setting. Access between the family and wellness areas may help create a flexible guest experience. The plot is suitable for buyers looking for a sizeable hospitality or tourism investment rather than a private residential property. The sale includes the land and approved project, but the construction of the resort remains the purchaser's responsibility. This gives the buyer an opportunity to review the approved scheme and shape the delivery strategy with professional advisers. Golf is around 3 km away, adding another attraction for visitors and potential seasonal demand. Albufeira is approximately 7 km from the site, offering beaches, dining, nightlife, shopping and tourism services. Faro Airport is approximately 32 km away, making the destination accessible to international markets. Potential income could come from tourist accommodation, wellness treatments, clinic services and related communal facilities, subject to the final business model. Any ROI or rental forecasts should be supported by an independent feasibility study and current market evidence. Buyers should confirm all planning, licensing, infrastructure and construction matters before exchange of contracts. Contact us today to explore the approved project and arrange a detailed investment discussion.
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
