55 Bed Hotel for sale
Lagos, Lagos, Algarve, Portugal
£2,405,705 *
[€2,800,000]
Full Description
LAND WITH PROJECT FOR A TOURIST, RESIDENTIAL OR HEALTHCARE DEVELOPMENT PRAIA DA LUZ, LAGOS
Located in a privileged position on a hillside overlooking Praia da Luz, this development benefits from a peaceful setting close to the beach, while offering magnificent views over the countryside, town and sea.
The property offers significant potential for a variety of uses, including residential development, tourism, senior living or healthcare facilities, allowing the existing structure to be completed and adapted to a new concept or replaced by a completely new project.
The existing building currently comprises 55 rooms, distributed over two floors, and can be completed, refurbished and adapted to a new project.
Existing Building Features
Ground Floor approximately 1,420 m², allocated to reception and service areas, including:
23 bedrooms with private bathrooms;
2 bedrooms with living areas and private bathrooms;
1 suite.
First Floor:
30 bedrooms with private bathrooms;
1 suite.
The project also includes a range of support areas and facilities, namely:
Support and service areas;
Restaurant;
Breakfast room;
Piano Bar;
Rooftop terrace with panoramic bar;
Auditorium;
Parking areas.
The existing building may also be extended, subject to the submission and approval of a new project by Lagos Municipal Council, potentially increasing the capacity and overall development potential of the property.
The location, combined with unobstructed views over the sea, countryside and town, provides exceptional conditions for the development of a tourism, residential or healthcare project.
An excellent investment opportunity with significant potential for appreciation, located in one of the Algarve's most sought-after areas, just a few minutes from Praia da Luz.
Energy Rating: G
#ref: HOT_4020
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