Commercial/retail for sale

€8,000,000 - Faro Algarve

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Details

Beds: 0
Baths: 0
Price: €8,000,000
Internal Reference No.: CS-HOT-85155
Area: 7,800 m2

Overview

The investment value for the Hotel project, approved by the municipality of Faro, is 8 million euros plus construction costs estimated at 60 million euros. The lot size is around 146,915 m2, including hotel deployment with 8327 m2. The Apart-Hotel will have 83 Apartments and 146 Hotel Rooms. The property has an amazing pine forest, ideal a 9-hole golf course and an artificial lake or ecological pool. Faro Airport and a helipad are more than 10 minutes away.

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