$4,061,361

Plot of land with approved project for the construction of a 4 or 5 star quality resort consisting of 312 beds in 83 apartments. The facility’s own nine-hole golf course is located immediately alongside the hotel. In addition to the beauty of the landscape, the golf course also offers considerable challenges, even for professional golfers. Between ancient olive groves and stately oaks, the course from one hole to the next features water hazards and hilly passages with gorgeous views. Plans call for the course to be further developed into a night golfing facility. Many other athletic activities are likewise available, e.g. bicycling, swimming in numerous pools, tennis, hiking and much more. The local zoning authorities permit the realization of the following hotel concept one self-contained hotel building for a 4- or 5-star hotel with at utilizable area of almost 25,000 m² and an overall construction-area of more than19,000 m². Contained in this entire utilizable area are 146 keys/units to let, consisting of 83 apartments, most of them with a senior suite and a junior suite. A total of ca. 312 bedsare available for hotel usage. In addition, generously proportioned areas are planned for 7 different restaurants and concert hall, conference rooms, spa / relaxation rooms, gymnastics, indoor / outdoor swimming pool, water landscape, underground garage, a 9 holes par-three golf course directly alongside the hotel, with a separate Golf-House and Golf Restaurant and tennis courts. Stretching across an area of more than 140,000 m², the plot of land is located in one of the Algarve’s most beautiful landscapes, a hilly and verdant region, a true oasis of tranquility and recreation. This is indeed an extremely unusual location that simultaneously offers everything one could desire: serenity and excitement, security and comfortable living conditions. A particular advantage of this site is its marvelously refreshing microclimate, which is caused by the alternation between warm sunny days and pleasantly breezy nights in this hilly region. Located only a few kilometres north of Faro Airport, people whose needs aren’t fully met onsite can take a short ten- to fifteen-minute drive to do their shopping in any of three major cities: Faro, Loulé and São Brás. Excursions or tours in the picturesque surrounding area are likewise rewarding. A diverse selection of golf courses and Europe’s most gorgeous beaches are no farther than fifteen minutes from the hotel. A total of 50 excellent golf courses promoted the Algarve to be rated as the best golfing region in 2016/2017. Book your viewing today! CHARACTERISTICS: Plot Area: 146 720 m2 | 1 579 281 sq ft Energy efficiency: Free FEATURES: Project approved 4 or 5 star resort

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Residential
• Home size: 664 ft² / 61.69 m²
• MLS: 1LS01906
• Status: Active