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Lucrative Hotel, Shell Construction, Sea Views In Albufeira For Sale

Albufeira, Faro, Portugal
Asking Price:
€15,000,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable
  • Hotel, currently in Shell Construction Phase with 39 Accommodation Units
  • Plot Size 101,520m²
  • Construction Completion: Scheduled End 2026
  • Mains Water, Drainage and Solar Panels
  • 2 Boreholes
  • Close to Town, Amenities and Beach
  • Easy Access
  • Distance to Beach 4km

The rural hotel, once completed, is located on an elevated position overlooking the countryside and also towards the sea.

The 4* hotel will consist of 39 Apartments. 20 Accommodation units on Level 1 and 19 accommodation units on level -1. (3 Units on level 1 and 3 units on level -1 will be prepared for people with reduced mobility).

There will be a restaurant/breakfast room and respective service pantry, public toilets, a lounge with bar service and a shop to sell products from the farm.

The hotel will have a total of 13 common outdoor parking spaces, 2 of them reserved to receive disabled guests, plus 12 private covered parking spaces in the garage on level -1, totally closed.

The property can be purchased in its current phase of development for 10,000,000€.

Land:

  • Fully Fenced
  • 2 Boreholes
  • Mains water, drainage and solar panels
  • Warehouse and Greenhouses
  • 1 warehouse with 1 refectory
  • 1 sanitary installation
  • 1 cabinet and a refrigeration container
  • Tank 30m x 10m
  • Fruit trees and vegetable garden

Not suitable for lease.

Property Information

Real Estate:

Real Property Included