The cost for a touristic apartment development project in Olhos de Água stands at €8,150,000, which includes a spacious plot and an approved project for up to 137 units. This investment opportunity is perfectly positioned just 4 kilometres from the nearest beach, making it ideal for those looking to attract holidaymakers to the Algarve. The project envisions a wellness resort that caters to both individual guests and families, tapping into the lucrative wellness tourism market.
Located in a sought-after area of Albufeira, the development is split between two buildings focusing on different aspects of wellness and leisure. The wellness-focused facilities will include a clinic specialising in rejuvenation, enhancing the attractiveness of your resort to visitors seeking health-oriented stays.
In addition to the project and land, buyers will benefit from nearby natural beauties, with easy access to Algarve’s stunning beaches, local restaurants, and recreational areas. Investors can be assured of a favourable return on investment (ROI) due to the increasing demand for resort-style living in the region. With golf facilities only 3 kilometres away and Faro Airport just 32 kilometres from this prime location, travel for guests will be effortless.
Purchasing this approved project provides a remarkable opportunity to reap benefits from burgeoning tourism in the Algarve. Don't miss out on this chance to invest in a promising project that is ready for development. Reach out now for more details and to take the first step toward your investment journey!
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
