Plot for sale
Castro Marim, Algarve, Portugal
£9,833,262 *
[€11,500,000]
Full Description
Investment Opportunity in the Algarve - Land with Potential for Tourism Development.
We present a unique property with a total area of 178,198 m², comprising three independent plots, each with over 50,000 m², formerly home to a water park (now deactivated).
This land offers strong potential for tourism development, supported by positive feedback from Preliminary Information Requests (PIP) issued by the local municipality, allowing for:
The construction of a hotel,
A caravan park,
And a bungalow resort.
Prime Location
Ideally situated next to the main national road and with direct access to the A22 motorway, this property benefits from excellent visibility and accessibility, located by a key roundabout.
Surrounding Area
Set in the heart of the Eastern Algarve (Sotavento), this location is within close proximity to some of the region's most stunning beaches:
Manta Rota Beach,
Praia Verde,
Altura Beach.
The Eastern Algarve is known for its natural beauty, year-round mild climate, and growing appeal to both national and international tourists, making it one of the most promising areas in southern Portugal for real estate investment.
A rare opportunity to develop a tourism project in one of the Algarve's most sought-after regions.
Contact us for more information or to schedule a visit.
Energy Rating: D
#ref: CS-TER-86453
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