Albufeira e Olhos de Água (Albufeira)

Green-Acres Property Listing - Portugal

Property Details: Rooms: 0 Bedrooms: 0 Price: 2,395,968 EUR

Agency: Mauricio Baroni

Description: A rare opportunity in the Algarve: a plot of land with an approved project and building permit for a 3-star hotel, in a privileged location just a few minutes from Santa Eulália Beach and Albufeira town centre. The project comprises 17 bedrooms, a reception area, garage, technical area for laundry facilities and adapted access, as well as a garden with swimming pool and a rooftop bar overlooking the sea and the surrounding landscape. Location is undoubtedly one of the project's greatest strengths. The proximity to the beaches, Albufeira, restaurants and all amenities, combined with the strong tourist demand in the area, creates excellent conditions for a hotel operation with income potential and a good return on investment. More than just a plot of land, this is an already structured and licensed project, ready to move on to the next stage.