The cost of this hotel in shell construction near Albufeira is set at €10,000,000, presenting a remarkable opportunity for prospective buyers. Spanning a vast plot of approximately 101,520m², the hotel will feature 39 accommodation units upon completion. With a location just about 4 km from Albufeira, the hotel is perfectly positioned for both leisure and business travellers - giving it a strong rental appeal. Moreover, the property includes large communal pools and exceptional sea views, which are increasingly sought after in this popular region of the Algarve. Investing in this construction phase allows buyers to get into the market at an early stage, paving the way for a potentially high return on investment as the area continues to develop. By incorporating sustainable resources such as solar panels, this hotel not only aims for luxury but also environmental responsibility. This combination of prime location, quality amenities, and sustainable features makes the hotel a compelling choice. Reach out today for further details and see how this investment can fit into your portfolio!
• Hotel, currently in Shell Construction Phase with 39 Accommodation Units
• Plot Size 101,520m²
• Construction Completion: Scheduled End 2025
• 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
Location
• Distance to Sea – 2.6km
• Distance to Beach – 4km
• Distance to Nearest Golf – 2.8km
• Distance to Faro Airport – 48.4km
• Distance to Nearest School – 1.6km
• Distance to Nearest Town – 3.8km (Guia)
