Investing in this €8,900,000 commercial development plot could give buyers access to a 25,060 m² site with an approved project for a wellness resort of up to 137 tourist units. The plot is approximately 4 kilometres from the beach and the asking price includes the approved project, but not construction of the buildings. It is therefore suited to investors seeking a sizeable, planned tourism opportunity close to Albufeira. The development is located in Olhos de Água, an established Algarve destination with strong leisure appeal. The resort site is around 2.5 kilometres from Olhos de Água and 7 kilometres from Albufeira. Faro Airport is approximately 32 kilometres away, which can support international tourism demand. Golf facilities are available within approximately 3 kilometres. The approved plan divides the resort into eastern and western building areas. The eastern buildings are designed to support wellness and health-focused operations. Their proposed facilities include reception, shared resort spaces and a fully equipped rejuvenation clinic. The western buildings are planned for a more relaxed family experience. Residents and guests in this area would also have access to wellness services and communal amenities. This combination may help an operator target both specialist wellness visitors and holidaying families. A development of up to 137 units could provide scale for accommodation, retreat programmes and seasonal tourism. Potential income may come from tourist accommodation, wellness packages, treatment services and complementary resort activities. Investors should model these opportunities against construction expenditure, staffing, marketing and ongoing operational costs. The approved project can provide a clearer basis for feasibility analysis than an undeveloped plot without planning preparation. Expected ROI and rental performance are not guaranteed and require independent research and professional advice. The beach, golf, airport and nearby towns create a convenient location profile for future guests. Contact ICONICA Properties to review the planning information and discuss this commercial investment.
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
