The hotel currently under shell construction near Galé Beach is an ideal property for hotel development. With its design accommodating 39 well-appointed accommodation units, this property prioritizes space and comfort for future guests. At just about 4km from the picturesque beach, guests will find themselves close to stunning coastal views and vibrant tourist activities, making this location highly desirable. The expansive 101,520 square metre plot allows for extensive landscape features and communal amenities, such as swimming pools, ensuring a wholesome resort experience. This investment not only promises high tourist attraction but also allows for the incorporation of sustainability features like solar panels, helping reduce operational costs while appealing to eco-conscious travellers. Buyers will appreciate the opportunity to shape this property into a notable destination depending on their vision. With guaranteed rental income once operational, this property is designed for substantial ROI. This is an incredible chance for any serious investor looking to enter the Algarve hospitality industry. Contact us now to discuss this opportunity further!
• 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)
