€3,800,000

Located at the main entrance to Quarteira, in a tourist area par excellence, between Vilamoura and Quinta doLago, 10 minutes from Faro airport, next to the most beautiful beaches and golf courses in the Algarve. It is a plot that allows the development of a hotel. This plot has an area of 1,230.99 m2 and allows the construction, on six floors plus basement, of 6,673.60 m2 of construction, providing a maximum number of accommodation units of 140 with the 4-star category. It is part of the Quarteira Norte Nordeste Urbanization Plan and the adjacent lands allow thedevelopment of any project or type of investment. The Lot is identified as Lot 2, has 1,230m2 of implantation and provides for 6,673.60 m2 of construction area in 6 Floors + Basement. The Subdivision foresees that it is for a Hotel Establishment, however the area allows housing (requires an addition to the Permit).