, Albufeira, Algarve, Portugal | Homes For Sale at GLOBAL LISTINGS

Report Listing

Home For Sale

€7,500,000

Albufeira, Algarve, Portugal

100,073 sqm

Listed By: Investgo Llc

Listed On: 03/17/2024

Listing ID: GL11074453

Description

AVAILABLE FOR THE GOLDEN VISA PROGRAM 400A 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 mA?. 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 GalA(C) 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!