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Land with the approved Project and paid license, for Rural Tourism designated as 4-star Rural Hotel, with a total area of 17,948sqm
Almancil, Faro, Portugal
REF: 804068
€3,900,000
Description
Land with the approved Project and paid license, for Rural Tourism designated as 4-star Rural Hotel, with a total area of 17,948sqm. Located on the site of Ferrarias, next to Vale do Lobo, in a property with a unique natural landscape, which is intended to be preserved by making the most of the potential of the place. It is located in the heart of the so-called 'Golden Triangle', 2.5 km from Vale de Lobo, 3.5 km from Quinta do Lago and 20 km from Faro Airport. The Hotel Rural, with its architectural design and materials to be applied, intends to respect the dominant characteristics of the region where it will be implanted, presenting sustainable constructive solutions and materials in order to minimise the environmental impact, safeguarding as much as possible the waterproofing of the land. The project has 22 accommodation units - 20 double rooms and 2 suites - in 44 fixed beds and 9 convertible beds, a complementary outdoor activity area with swimming pools for adults and children and a restaurant / cafeteria with terrace and roof terrace. The restaurant room has a seating capacity of 68, and the terrace has a seating capacity of 18 and the terrace / rooftop has a seating capacity of 80. In an area further away from the central body of the hotel and allowing the possibility of independent access from the outside, is the owner's house with 3 en-suite bedrooms, living and dining room with open space kitchen, with a terrace on deck to the south. The west-facing rooms have a pergola-covered terrace. For over 25 years Castelhana has been a renowned name in the Portuguese real estate sector. As a company of Dils group, we specialize in advising businesses, organizations and (institutional) investors in buying, selling, renting, letting and development of residential properties. Founded in 1999, Castelhana has built one of the largest and most solid real estate portfolios in Portugal over the years, with over 600 renovation and new construction projects. In the Algarve next to the renowned Vilamoura Marina. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital, and in Porto, we are based in Foz Do Douro, one of the noblest places in the city. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
Land with the approved Project and paid license, for Rural Tourism designated as 4-star Rural Hotel, with a total area of 17,948sqm. Located on the site of Ferrarias, next to Vale do Lobo, in a property with a unique natural landscape, which is intended to be preserved by making the most of the potential of the place. It is located in the heart of the so-called 'Golden Triangle', 2.5 km from Vale de Lobo, 3.5 km from Quinta do Lago and 20 km from Faro Airport. The Hotel Rural, with its architectural design and materials to be applied, intends to respect the dominant characteristics of the region where it will be implanted, presenting sustainable constructive solutions and materials in order to minimise the environmental impact, safeguarding as much as possible the waterproofing of the land. The project has 22 accommodation units - 20 double rooms and 2 suites - in 44 fixed beds and 9 convertible beds, a complementary outdoor activity area with swimming pools for adults and children and a restaurant / cafeteria with terrace and roof terrace. The restaurant room has a seating capacity of 68, and the terrace has a seating capacity of 18 and the terrace / rooftop has a seating capacity of 80. In an area further away from the central body of the hotel and allowing the possibility of independent access from the outside, is the owner's house with 3 en-suite bedrooms, living and dining room with open space kitchen, with a terrace on deck to the south. The west-facing rooms have a pergola-covered terrace. For over 25 years Castelhana has been a renowned name in the Portuguese real estate sector. As a company of Dils group, we specialize in advising businesses, organizations and (institutional) investors in buying, selling, renting, letting and development of residential properties. Founded in 1999, Castelhana has built one of the largest and most solid real estate portfolios in Portugal over the years, with over 600 renovation and new construction projects. In the Algarve next to the renowned Vilamoura Marina. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital, and in Porto, we are based in Foz Do Douro, one of the noblest places in the city. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
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Currency Exchange
Almancil, 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 €3,900,000 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 |
|---|---|---|---|
| €3,900,000 | £3,244,332 | £3,356,418 | £112,086 |
| Property Price € | €3,900,000 |
| Minimum cost in the last six months | £3,244,332 |
| Maximum cost in the last six months | £3,356,418 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £112,086 |
Almancil, 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 €3,900,000 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 |
|---|---|---|---|
| €3,900,000 | £3,244,332 | £3,356,418 | £112,086 |
| Property Price € | €3,900,000 |
| Minimum cost in the last six months | £3,244,332 |
| Maximum cost in the last six months | £3,356,418 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £112,086 |
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 £112,086 more.
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