9 Bed Commercial for sale

Tavira, Algarve, Portugal

£885,310

 [€995,000]

Property Details

  • Bedrooms: 9
  • Bathrooms: 9
  • Plot size: 410000 m2
  • Habitable space: 915 m2

Full Description

LOCATION
The partially finished project is located close to Santa Catarina and the coastal town of Tavira. The nearest beaches and various golf courses can be reached within 15 minutes drive. The Spanish border and the International Airport in Faro are both 30 minutes away. A very well located site that affords panoramic views of the sea.


PROJECT DETAILS
The development was started some years ago and never completed. In January of 2017 the project was approved once again to provide some private accommodation with the remaining area to comprise of:
- 9 Apartments with en-suite bathrooms
- 4 Reception rooms
- Library
- Laundry
- Gymnasium
- Storage rooms (2)
- Additional communal living and dining rooms / kitchens
The construction area is 915,00 sq. m. overall.
Approval has been granted for a 83,75 sq. m. swimming pool, plus a tennis court.
Two car garage
Included also are some additional buildings of 200,00sq.m. which could be developed later. These buildings were old staff quarters and could provide a further 4/5 bedrooms. They are not included in this approved project but once were.


ACCESS
The access to the site is via a road only 500m away from the main road going to Santa Catarina, (5 minutes) and Tavira (10 minutes) the EN 270.


COMMENTS
This project partly finished, (mid-point), is ideally located to make a successful Boutique Hotel or an up-market Guest House / Retreat/ Magnificent private home.
The property is in the ownership of a Portuguese Company and can be purchased as such or could be transferred to an Individual / individual´s.
It was once a Country Club and Guest House and would make, once completed a superb new one.
The magnificent size plot has plenty of scope to develop the grounds further. The land supports Carob, Olive, Almond, Citrus and Palm Trees and has extensive gardens.
The current owners estimate to complete the project is € 500.000 worth of construction. This figure will obviously have to be up-dated and verified by any purchaser.
Finally this is the only project we know of in such close proximity to the ever increasingly fashionable and popular town of Tavira
This property listing (ref: MV409) is an advertisement supplied by Aimcliff Properties and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.

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