Premium New development

Farmhouse for sale

Albufeira, Algarve, Portugal

£6,226,133 *  [€7,500,000]

Farmhouse for sale

Albufeira, Algarve, Portugal

£6,226,133 *  [€7,500,000]

Property Details


  • Bedrooms: 0
  • Bathrooms: 0
  • Habitable space: 100073.28 m2

Features


  • Double Glass
  • Energy performance certificate – B

Full Description


A ruined farmhouse on rustic land located in Albufeira, a town in the Algarve region of southern Portugal. The former fishing village has become a popular holiday destination with beaches and a lively area with nightlife.
The property has a total land area of 101.520 m². Due to the vastness of the plot there is the possibility of obtaining permission to build a tourist project.
Most of the land has been farmed in the past and is easily cultivated with great agricultural potential. Other parts could be prepared for agriculture or used as woodland or permanent agriculture (fruit trees).
It has the use of two water wells, light and sewage, has a warehouse with dining room, bathroom and refrigerated container.
There is an approved project of a rural hotel consisting of 39 rooms (20 rooms on the 1st floor and 19 rooms on the -1st floor), with 3 rooms on the 1st and -1st floors designed for people with reduced mobility.
The total construction area of the hotel is 2000 m2 and is divided into 3 blocks, 2 of which are for living quarters, and the central entrance block is allocated for various services.
This rural hotel will be classified as a 4 star hotel.
The site has excellent access roads.
Located at:
-3.3 km from Galé beach;
-5.0 km from Albufeira marina;
-5,4 km from Zoomarine;
-6,7 km from Algarve Shopping.
Great investment opportunity in this tourist area!
Energy Rating: B
#ref: 0083/22
Read more

Map may not show exact location

This property listing (ref: 0083/22) is an advertisement supplied by Amber Star Real Estate and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.
*Based on an exchange rate of 0.8302 from Euro to GBP. This rate is updated daily and is an indicative market rate supplied by A Place in the Sun Currency. Actual trading rates vary.