This large plot for tourist apartments in the Algarve is currently priced at €8.15 million, presenting a substantial investment opportunity for prospective developers. The plot comes with an approved project designed for a wellness resort, allowing for a total of 137 units focused on health and relaxation. Ideally situated 4 km from the beach and 2.5 km from Olhos de Água, this location is perfect for attracting vacationers seeking both adventure and tranquility. The features of the resort include communal facilities catering to both individual wellness and family activities, thus enhancing its investment potential. Investors can expect substantial returns given the ever-growing demand for holiday accommodations in the Algarve. The plot's strategic location near Albufeira, a popular tourist hub, underlines its viability for development. This land offers an incredible chance for developers to capitalise on the thriving wellness tourism sector, which is gaining traction globally. The inclusion of a fully equipped clinic in the project enhances its unique market position. Buyers looking for a lucrative investment in a prime location should consider this offering. Connect with us now for further insights and to explore this fantastic opportunity!
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
