This plot in Olhos de Água represents a fantastic opportunity for property development due to its approved project for touristic apartments and prime location. Priced at €8,150,000, the plot allows for 137 units catered towards wellness tourism, making it particularly attractive for savvy investors. Situated just 4 km from the beach and close to a range of local amenities, this area is poised for growth.
The approved plan includes two main buildings focused on health and wellness, featuring facilities such as a reception area and a fully equipped rejuvenation clinic. The other two buildings will provide a family-friendly environment, ensuring appeal to diverse clientele. This project not only targets vacationers but also addresses the increasing demand for health-oriented lifestyle choices.
The plot is perfectly positioned to take advantage of the picturesque Algarvian backdrop, with Faro airport just 32 km away and various golf courses within 3 km. This accessibility combined with the scenic beauty makes the location desirable for tourists and long-term rentals alike.
Investors can expect a strong return on investment as wellness retreats are increasingly popular in Portugal. Whether you envision a luxurious resort or family-friendly accommodations, this plot is ready for development. Explore this prime opportunity in the heart of Albufeira—contact us now to learn more and 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
