55 Bed Hotel for sale
Lagos, Lagos, Algarve, Portugal
£2,405,705 *
[€2,800,000]
Full Description
PRAIA DA LUZ, LAGOS A NEW VISION OVERLOOKING THE ATLANTIC
Plot of land with an unfinished building and a project for a tourism development, offering potential for conversion into a healthcare facility or senior living residence.
Set in an elevated position in Praia da Luz, with unobstructed views over the ocean, countryside and town, this property offers an exceptional setting for the development of a distinctive project.
The peaceful surroundings and proximity to the beach combine to create a privileged location, inviting a fresh approach to hospitality, wellness and quality of life in the Algarve.
The building comprises a ground floor and two upper floors, providing a total of 55 bedrooms. The unfinished construction offers the opportunity to complete and adapt the property to a unique concept, subject to the necessary approvals.
The project includes a range of communal, dining and support facilities:
* Reception and service areas;
* Restaurant;
* Breakfast room;
* Piano bar;
* Rooftop terrace with panoramic bar;
* Auditorium;
* Ancillary and support rooms;
* Parking areas.
The rooftop terrace is a particularly attractive feature, offering the opportunity to create an inviting space for socialising and relaxation, enhanced by breathtaking views of the surrounding landscape and the Atlantic Ocean.
The property offers potential for the development of a tourism resort, senior living residence or healthcare facility, subject to confirmation of feasibility and the relevant planning and licensing approvals.
The possibility of extending the existing building or developing an entirely new project may also be explored, subject to assessment and approval by Lagos City Council.
Just a few minutes from Praia da Luz beach, this represents an attractive investment opportunity for those seeking a sea-view location, a substantial existing structure and the freedom to bring a distinctive vision to life in the Algarve.
Contact Villas Key to discover this property and receive further information about the project.
Energy Rating: F
#ref: H8882
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