Investing in a large plot for touristic apartments can be accomplished at our site in Olhos de Água, Albufeira, where a substantial plot with an approved project is available for €8,150,000. This development opportunity covers an impressive area of over 25,000 square metres and includes plans for a total of 137 touristic apartments, ideal for capitalising on the booming wellness tourism sector. Positioned just 4 km from stunning beaches and 32 km from Faro Airport, this location is not only serene but also highly accessible for visitors. The approved project contains two distinct zones; the first focuses on wellness, complete with a reception area and communal facilities, while the second offers family-friendly accommodations. This diversity in offerings is set to attract a wide array of guests, ensuring high occupancy rates year-round. Additionally, being situated close to various tourist attractions enhances the property's appeal to investors seeking both immediate returns and long-term growth. This is an exceptional chance to tap into the growing market for wellness resorts in the Algarve. Don’t miss out on this remarkable investment opportunity—reach out today to learn more and arrange a visit!
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
