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Hotel for sale

Faro City, Algarve, Portugal

£3,084,516 *

 [€3,500,000]

Hotel for sale

in Faro City

£3,084,516 *

 [€3,500,000]

Property Details

  • Bedrooms: 0
  • Bathrooms: 0
  • Plot size: 146915 m2
  • Habitable space: 8327 m2

Features

  • Double Glass
  • Energy performance certificate – Exempt

Full Description

Project approved, by the municipality of Faro, for construction of hotel with 146 rooms, aparthotel with 83 apartments and 9-hole golf course, just 10 minutes from the historic centre of Faro, the beach and the international airport, in the district capital.
The investment value for the Hotel project, approved by the municipality of Faro, is 8 million euros plus construction costs estimated at 60 million euros.
The lot size is around 146,915 m2, including hotel deployment with 8327 m2.
The Apart-Hotel will have 83 Apartments and 146 Hotel Rooms.
The property has an amazing pine forest, ideal a 9-hole golf course and an artificial lake or ecological pool.
Faro Airport and a helipad are more than 10 minutes away.
Energy Rating: Exempt
#ref: CS-HOT-85155

This property listing (ref: CS-HOT-85155) is an advertisement supplied by Around the Sun Lda 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.

*Based on an exchange rate of 0.8813 from Euro to GBP. This rate is updated daily and is an indicative market rate supplied by A Place in the Sun Currency. Actual trading rates vary.

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