If you’re inquiring about the cost of a plot with an approved project for touristic apartments in Algarve, this plot is available for €8,150,000. It includes a fully approved project that allows for the development of 137 units, creating a fantastic investment opportunity in one of Portugal's most sought-after regions. Located in Olhos de Água, just a short drive from stunning beaches and vibrant towns, this property perfectly meets the needs of serious investors.
The approved project is designed with wellness in mind, featuring facilities that cater to health and relaxation for families and individuals. This makes it particularly appealing to buyers looking to capitalise on the growing wellness tourism market in Algarve. The proximity to the beach (only 4 km), golf courses, and Faro airport enhances its value.
Investors will appreciate the design that promotes a healthy lifestyle while also offering communal facilities catering to various activities. The area is well-known for its natural beauty and climate, making it an attractive destination year-round.
Purchasing this plot opens up numerous possibilities, from creating luxury holiday apartments to establishing a wellness retreat. Buyers can look forward to substantial returns, considering the increasing interest in Algarve's tourism sector.
With the project already approved, you can fast-track your investment without the delay of navigating the planning process. Take advantage of this opportunity to invest in a high-potential area of Algarve. Reach out today for further information or to schedule a viewing!
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
