The cost for this prime plot with an approved project for touristic apartments in Albufeira is €8,150,000. This investment opportunity includes the large land area and the project designed for 137 units. Perfect for buyers looking to develop a wellness resort, this site is just 4 km from the nearest beach and offers access to glorious Algarve sunshine, healthy outdoor activities, and stunning natural beauty. The plot is situated in Olhos de Água, a popular tourist destination, ensuring strong rental potential and long-term returns on investment. Additionally, proximity to Faro airport, only 32 km away, enhances its appeal for international visitors. This approved project supports two building areas dedicated to wellness, with communal facilities and a fully equipped rejuvenation clinic. The west buildings cater to families, creating an inviting atmosphere for all visitors. This unique blend of luxury and health makes it an attractive option for investment. Secure this opportunity to create a thriving wellness resort in one of Portugal's most beautiful regions. Contact us to schedule a viewing and explore the potential today!
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
