Investing in this large approved resort development plot could provide access to a 25,060 m² Algarve site approximately 4 kilometres from the beach. The property is offered for €8,900,000 and includes an approved wellness resort project, although construction is not included. Located in Olhos de Água, it has potential for a maximum of 137 touristic units. The approved concept combines health, rejuvenation, wellness and family accommodation in one destination. Two eastern buildings are planned to house the resort’s primary health and wellness functions. These buildings include provision for reception and other communal facilities. A fully equipped clinic specialising in rejuvenation is also part of the proposed eastern area. Two western buildings are designed for families seeking a more relaxed resort atmosphere. Family guests would retain access to the wellness facilities and communal amenities. This broad target market may offer a future operator flexibility in developing its accommodation and services strategy. The plot is approximately 2.5 kilometres from Olhos de Água. Albufeira is around 7 kilometres away, placing the project close to a well-established tourism destination. Golf facilities are approximately 3 kilometres from the site. Faro Airport is about 32 kilometres away, helping connect the resort with international visitors. Its beach proximity, accessible airport and nearby leisure facilities strengthen the location’s hospitality appeal. The approved project can help a buyer move forward from an established development proposal rather than starting the planning process from scratch. Potential commercial opportunities may include tourist rentals, wellness retreats, rejuvenation programmes and family holiday packages. Investors must still assess construction finance, operating costs, licensing, demand and projected returns in detail. The listing does not guarantee ROI or rental income, so professional feasibility advice is essential. Contact ICONICA Properties today to request further information and arrange a viewing.
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
