This approved project for touristic apartments in Olhos de Água is a prime investment opportunity for buyers looking to tap into the thriving coast of Algarve. Priced at €8,150,000, the project allows for 137 units to be developed on a sizable plot of 25,060 square metres, a substantial area offering extensive possibilities. The wellness resort concept is designed to attract holidaymakers, emphasizing health and relaxation with communal facilities amidst the stunning backdrop of the Algarve. Proximity to local amenities, beaches just 4 kilometres away, sizzling golf courses 3 kilometres distant, and Faro airport a mere 32 kilometres make this location exceedingly attractive for vacationers. Investors can expect lucrative returns due to the steady flow of tourists and the area’s burgeoning reputation as a wellness destination. The project's dual focus—promoting a lively family atmosphere while catering to health-conscious individuals—ensures broad appeal across diverse market segments. Such flexibility within the design contributes to its investment viability. Secure your stake in this remarkable opportunity to create a stunning tourist resort before it’s gone. Additionally, developments in such a sought-after locale are rare, providing you with optimal investment security. Now is the time to inquire about this exceptional project and its promising potential returns. Contact us for further discussions!
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
