Investing in this commercial plot with an approved wellness project in the Algarve is a brilliant opportunity for any serious buyer. Priced at €8,900,000, this property stands out due to its potential for developing 137 touristic apartments tailored for wellness activities. The proximity to essential amenities, golfing resorts, and the beach enhances its appeal, ensuring high occupancy rates and significant rental income potential. With health and wellness becoming a top priority for travellers, this plot offers a unique opportunity in a booming sector. Situated in Olhos de Água, just 2.5 km from the beach and only 32 km from Faro airport, investors can expect excellent accessibility for guests. The site's design incorporates communal facilities tailored to promote relaxation and rejuvenation, perfect for families and individuals alike. Its strategic position in the Algarve, an area famed for its climate and lifestyle, makes this an attractive option. Don't miss this chance to secure a piece of an emerging market—contact us for more details!
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
