Buying a hotel near popular beaches in the Algarve, especially this property near Galé Beach, comes with a myriad of advantages. This hotel, designed with 39 accommodation units, is currently in shell construction and is located just 4km from the beautiful beach, making it highly attractive to holidaymakers. The tourism potential is immense, with the Algarve being one of Europe's top summer destinations. Planned amenities, including communal pools and a restaurant, will meet the desires of every guest, enhancing their overall experience and satisfaction. With approximately 101,520 m² of land, there’s plenty of room for expansion or additional facilities, further increasing revenue potential. The construction's scheduled completion in 2025 allows for pre-construction sales, offering potential buyers an early entry into a promising market. Additionally, the project incorporates eco-friendly technologies, which can lower overhead costs and appeal to environmentally aware guests. Renting out this hotel can yield significant returns, providing a lucrative investment in an area known for its thriving tourist activity. With stunning views of the countryside and sea, guests will be drawn to the scenic charm of your property. Make this rewarding investment in an epicentre of sun, surf, and sand. Contact us now to explore this exceptional opportunity!
• 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)
