Project: Hotel and Golf Resort - Algarve, Portugal
Land in Total - 260 Acres - South of Portugal in the Region of the Algarve - Available On Request - Commercial
For sale: Hotel and Real Estate Resort with Villas and Apartments, Golf Resort project, in Algarve, Portugal.
This big allotment área, a touristic project for the construction of luxury apartments, luxury villas, a hotel and an 18-hole golf course.
Located in the Region of Algarve south of Portugal.
The land has 260 ha, with a total of 108 lots and a 2.5 km extension along the Atlantic Ocean, which includes about 9 of the most beautiful beaches in the Algarve, one of which is the well-known Praia da Marinha, which gives its name to this venture.
Total construction area: 73,940 m2.
15,000m for the construction of a 4 Star Hotel with 151 Rooms, with part of the Hotel for Spa and another for a huge restaurant.
42,500 sqm for apartments which in total can make a total of 381 apartments.
16,440mq for the construction of Villas that can correspond to 73 Villas.
This land has 17 more ruins spread over 260 ha where you can also build 17 additional luxury villas.
A very unique project right by the sea, of the Atlantic Ocean in the Algarve region of Portugal.
Asking Price: € 89,000,000.
We are at your fully disposal for anymore imnformation about this property
* The value shown is merely indicative and is subject to change at any time without prior notice.
Financials (USD)
Net Operating Income (Annual) Not Disclosed
Asking Price $104,337,014
Converted From EUR
Exchange Rate $1.17
Cap Rate Available On Request
Additional Details
Building Area 739402.00 Square Feet
Land Area 260.00 Acres
Deal Terms
Broker Co-Op? Available On Request
Seller Financing Available? Available On Request
Seller Willing To Lease? Available On Request
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