Buying this large resort development site could give investors access to a 25,060 m² plot only 4 kilometres from the nearest beach and about 3 kilometres from golf. The Olhos de Água site includes an approved wellness resort project with capacity for up to 137 units. The asking price is €8,900,000, including the plot and approved project but excluding the construction of the buildings. Its size and approved tourism concept make it a compelling option for buyers seeking a major Algarve development opportunity. The property is located at Pine Valley Resort in Vale Navio, within the Albufeira municipality. Olhos de Água is approximately 2.5 kilometres away. Albufeira is around 7 kilometres from the site and provides access to a well-established visitor economy. Faro Airport is approximately 32 kilometres away for convenient international connectivity. The approved resort is divided into eastern and western development areas. The eastern buildings are intended to create a health and wellness focus. Planned elements include a reception, communal facilities and a fully equipped clinic specialising in rejuvenation. The western buildings are designed for families seeking a more relaxed holiday environment. Those guests would also benefit from access to the wellness facilities and other shared amenities. This arrangement could help create different guest experiences within one integrated resort. Proximity to beaches and golf may strengthen the appeal of future accommodation for leisure travellers. The wellness concept could also attract guests interested in healthy activities, fresh air, nature and rejuvenation. Potential investment benefits include the option to develop hospitality accommodation with complementary wellness services. Actual rental income, ROI and capital performance would need to be tested through a professional feasibility and market study. Construction, finance, licensing and future operational costs are not included in the purchase price and should be budgeted separately. Buyers should review the approved plans and all supporting documentation before making an offer. Contact us to discuss why this approved Olhos de Água resort site could suit your 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
