Plot of land with approved project for the construction of a 4 or 5 star quality resort consisting of 312 beds in 83 apartments

Faro, Portugal

For Sale

€3,500,000

REF: 679590 €3,500,000


Description

Plot of land with approved project for the construction of a 4 or 5 star quality resort consisting of 312 beds in 83 apartments. The facility’s own nine-hole golf course is located immediately alongside the hotel.  In addition to the beauty of the landscape, the golf course also offers considerable challenges, even for professional golfers.  Between ancient olive groves and stately oaks, the course from one hole to the next features water hazards and hilly passages with gorgeous views.

Plans call for the course to be further developed into a night golfing facility. Many other athletic activities are likewise available, e.g. bicycling, swimming in numerous pools, tennis, hiking and much more. The local zoning authorities permit the realization of the following hotel concept one self-contained hotel building for a 4- or 5-star hotel with at utilizable area of almost 25,000 m² and an overall construction-area of more than19,000 m².

Contained in this entire utilizable area are 146 keys/units to let, consisting of 83 apartments, most of them with a senior suite and a junior suite. A total of ca. 312 bedsare available for hotel usage. In addition, generously proportioned areas are planned for 7 different restaurants and concert hall, conference rooms, spa / relaxation rooms, gymnastics, indoor / outdoor swimming pool, water landscape, underground garage, a 9 holes par-three golf course directly alongside the hotel, with a separate Golf-House and Golf Restaurant and tennis courts.

Stretching across an area of more than 140,000 m², the plot of land is located in one of the Algarve’s most beautiful landscapes, a hilly and verdant region, a true oasis of tranquility and recreation.  This is indeed an extremely unusual location that simultaneously offers everything one could desire: serenity and excitement, security and comfortable living conditions.

 A particular advantage of this site is its marvelously refreshing microclimate, which is caused by the alternation between warm sunny days and pleasantly breezy nights in this hilly region.  Located only a few kilometres north of Faro Airport, people whose needs aren’t fully met onsite can take a short ten- to fifteen-minute drive to do their shopping in any of three major cities: Faro, Loulé and São Brás.

Excursions or tours in the picturesque surrounding area are likewise rewarding.  A diverse selection of golf courses and Europe’s most gorgeous beaches are no farther than fifteen minutes from the hotel. A total of 50 excellent golf courses promoted the Algarve to be rated as the best golfing region in 2016/2017.

Book your viewing today!         CHARACTERISTICS:Plot Area: 146 720 m2 | 1 579 281 sq ftEnergy efficiency: FreeFEATURES:Project approved 4 or 5 star resort Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
Plot of land with approved project for the construction of a 4 or 5 star quality resort consisting of 312 beds in 83 apartments. The facility’s own nine-hole golf course is located immediately alongside the hotel.  In addition to the beauty of the landscape, the golf course also offers considerable challenges, even for professional golfers.  Between ancient olive groves and stately oaks, the course from one hole to the next features water hazards and hilly passages with gorgeous views.

Plans call for the course to be further developed into a night golfing facility. Many other athletic activities are likewise available, e.g. bicycling, swimming in numerous pools, tennis, hiking and much more. The local zoning authorities permit the realization of the following hotel concept one self-contained hotel building for a 4- or 5-star hotel with at utilizable area of almost 25,000 m² and an overall construction-area of more than19,000 m².

Contained in this entire utilizable area are 146 keys/units to let, consisting of 83 apartments, most of them with a senior suite and a junior suite. A total of ca. 312 bedsare available for hotel usage. In addition, generously proportioned areas are planned for 7 different restaurants and concert hall, conference rooms, spa / relaxation rooms, gymnastics, indoor / outdoor swimming pool, water landscape, underground garage, a 9 holes par-three golf course directly alongside the hotel, with a separate Golf-House and Golf Restaurant and tennis courts.

Stretching across an area of more than 140,000 m², the plot of land is located in one of the Algarve’s most beautiful landscapes, a hilly and verdant region, a true oasis of tranquility and recreation.  This is indeed an extremely unusual location that simultaneously offers everything one could desire: serenity and excitement, security and comfortable living conditions.

 A particular advantage of this site is its marvelously refreshing microclimate, which is caused by the alternation between warm sunny days and pleasantly breezy nights in this hilly region.  Located only a few kilometres north of Faro Airport, people whose needs aren’t fully met onsite can take a short ten- to fifteen-minute drive to do their shopping in any of three major cities: Faro, Loulé and São Brás.

Excursions or tours in the picturesque surrounding area are likewise rewarding.  A diverse selection of golf courses and Europe’s most gorgeous beaches are no farther than fifteen minutes from the hotel. A total of 50 excellent golf courses promoted the Algarve to be rated as the best golfing region in 2016/2017.

Book your viewing today!         CHARACTERISTICS:Plot Area: 146 720 m2 | 1 579 281 sq ftEnergy efficiency: FreeFEATURES:Project approved 4 or 5 star resort Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
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Property on Map

#1LS01906

Currency Exchange

Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €3,500,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€3,500,000 £2,883,650 £3,008,075 £124,425
Property Price € €3,500,000
Minimum cost in the last six months £2,883,650
Maximum cost in the last six months £3,008,075
Fluctuating exchange rates over the last six months could have increased the cost of this property by £124,425

Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €3,500,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€3,500,000 £2,883,650 £3,008,075 £124,425
Property Price € €3,500,000
Minimum cost in the last six months £2,883,650
Maximum cost in the last six months £3,008,075
Fluctuating exchange rates over the last six months could have increased the cost of this property by £124,425

The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £124,425 more.

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