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Land In Algarve With Hotel Project In Faro For Sale

Loule, Faro, Portugal
Asking Price:
€1,300,000
Sales Revenue:
€1M - €5M
Cash Flow:
€250K - €500K

18000 sq meters of land near quinta ombria resort and 20 minuts away from beach in vale do lobo algarve, portugal with a project for a hotel of 24 units, 550 sq meters space for events or other, pool, laundry, reception, restaurant etc.
Already have approval from tourism of portugal just waiting for mayor approval.

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

9 rooms kitchenette, 13 double rooms and 2 apartments 3 bedrooms each

Location:

Corregos de sta luzia, loule, algarve, portugal

Premises Details:

Between quinta ombria resort and loule

Size in square feet:
18000 sq meters
Planning Consent:

Already have a pre request from mayor hall with description of what i could do in project, with that i did the project which already passed in portugal tourism, just waiting for final approval at mayor hall. Should not take more than 6 months.

Business Operation

Expansion Potential:

550 sq meters building that can be transform in whatever buyer wants

Competition / Market:

Competition should be all nature resorts in the algarve

Reasons for selling:

Don't have enough capital to buid this resort.

Trading hours:

0

Employees:
0
Years established:
0

Other Information

Support & training:

0

Business closed / Asset sale:
Yes

Contact Information

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