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Algarve, Lagos, Portugal

£2,355,080
€2,800,000
Elite Realty, Lagos
PROPERTY TYPE

Land

SIZE

582,628 sq ft

54,128 sq m

Key features

  • Bedrooms: 0

Description

Off plan commercial opportunity for the construction of Hotel/ Tourism project in Praia da Luz.

The project was pre-approved by City Hall and allows for investors to alter/adapt within the guidelines:

This 3 star rated off plan hotel comprises of three floors but built over four storeys, (sub level for parking, equipment rooms & storage room). Communal roof terrace bar/ lounge for guests to enjoy the views stretching from Monchique mountains out to Praia da Luz sea views.

Project (to be renewed) sits on a massive plot 54,128.10 m2 and the area construction of the planned Hotel, 9,480m, including the round about adn patio / pool area. Main level of the hotel would comprise of reception desk, porter area, internet cabins, guest bathrooms, kitchen, laundry, conference room, lounge & bar area and a spa (max capacity of 50 guests). Hotel with lift service to all levels, both first and second levels with guest rooms. In total there would be four individual suites, 106 rooms as double occupancy, two rooms for persons with disabilities and six private suites.

A study of construction cost(s) was also elborated and can be supplied when consulting with one of our agents.
#ref:T019

Algarve, Lagos, Portugal

NEAREST AIRPORTS

Distances are straight line measurements
  • Faro(International)
    43.5 miles
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About the agent

Elite Realty, Lagos

Quinta das Palmeiras, Rua Sra. do Loreto, Lt. 9, Loja A, 8600-683 Lagos, Algarve, Portugal

Elite Realty, Lagos

YOUR DREAM

Be it an oceanside villa, farmhouse in the country , holiday retreat or investment.

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Drink. Dine. Dance. Golf. Shop. Relax on the beach. We arrange everything from financing to legal advice to furnishing packages. All so you can begin to enjoy the finer things in life.

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Be it buying or selling, let us do the work for you! We work with dozens of other Estate Agencies, nationally & internationally to ensure we

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Notes

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This is a property advertisement provided and maintained by Elite Realty, Lagos (reference 89162_17585761) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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