The investment potential of a hotel currently in shell construction in Albufeira is substantial. Priced at €12,500,000, this property offers an incredible opportunity for serious investors seeking to tap into the lucrative Algarve tourism market. With 39 accommodation units slated to be completed by 2025, the hotel promises guaranteed rental income which validates its investment potential. Not only does the property feature large communal pools, but it is also situated just 4km away from Galé Beach, enhancing its appeal to holidaymakers. The expansive plot of approximately 100,520m² includes amenities such as private parking, a restaurant, and a lounge area. Investors looking for a property that combines commercial viability with picturesque sea views will find this project fits perfectly. With an expected completion date set for 2025, now is the time to engage with this transformative opportunity by contacting us for more details.
• 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)
