Properties in central Algarve that offer guaranteed rental income are highly sought after, and this hotel project is a prime example. Listed at €10,000,000, this hotel in shell construction will feature 39 accommodation units on a substantial 101,520 m² plot, located just 4 km from the famed Galé Beach. Scheduled for completion in 2025, this investment is perfectly positioned to attract both domestic and international guests looking for a rural retreat in the Algarve. The inclusion of communal pools enhances the appeal, providing a relaxing experience for all visitors. Additionally, the project's design includes units designed for guests with reduced mobility, ensuring inclusivity. The location offers easy access to local amenities and attractions, positioning the hotel as an attractive option for vacation rentals. Investing in this property not only promises a premium return on investment but also the chance to build a brand in a thriving area. Don't miss out on this lucrative opportunity – contact us for more information!
• 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)
