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Land and Hotel development in Portugal

Praia da Luz, Portugal

Property ID: 128
Viewed 4067 times

Details

Price
15 000 000 EUR
Type of investment
Project developments
Location
Beach
Plot Size
12885 m2
Year Built
2017

Description

A unique piece of land within an existing resort, situated near the sea, between two beaches (Praia da Luz and Burgau), just a 20 minutes drive from the city of Lagos.

The country has a total area of 12.885m2 and a building area of 11.500m2.

This is a unique opportunity, because today it is difficult (almost impossible) in the Algarve to obtain a building permit for new construction next to the sea.

This land has an approved project for a hotel with 140 rooms and 35 suites.

The asking price for the land is EUR 7,500,000.

There is a provisional calculation made for the construction costs of the approved project, which also amounts to approximately EUR 7,500,000.

For an estimated investment of EUR 15,000,000 you have thus stand a beautiful hotel, right on the seafront, with an ocean view, 2km from the resort of Praia da Luz and within walking distance of a golf course.

ADDITIONAL INFORMATION

  • CONDITION
  • Building permits available

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