Explore this exceptional property for sale that includes an approved project for tourist accommodation in the highly sought-after Algarve region. The plot in Olhos de Água comes with an extensive 25,060 m² area and is priced at €8,150,000, making it an enticing opportunity for serious investors. Located 4 km from the beach, this site has everything needed to attract tourists and generate substantial revenue.
The project involves creating a wellness resort, ideal for health-conscious visitors who seek relaxation and rejuvenation. This property is designed for 137 units, divided into two key areas—one focusing on wellness services and the other for family-friendly accommodations. The potential to combine health with leisure will hold strong market appeal.
With proximity to golf courses and Faro airport just a short distance away, this location ensures your resort remains accessible to travel enthusiasts. The approved project enhances the property's value and provides a clear vision for its future development, reducing the risk often associated with new constructions.
The strategic location within a vibrant community ripe for tourism allows for an excellent return on investment. Securing a property that includes an approved project like this one means you're ready to start development in a thriving market.
Act now to seize this opportunity—contact us for more details and secure your future in the Algarve!
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
