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Key information Make an enquiry

€ 5,950,000 £ 5,251,743 $ 7,095,090

Reference PP3223

Montinhos Da Luz, Western Algarve

Commercial

Built in: n/a

7,000m2 Plot size

€ 850 £ 750 $ 1,013 / m2 plot

Wellness Village Montinhos

€ 5,950,000 £ 5,251,743 $ 7,095,090

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Key information

Reference: PP3223

Commercial

Montinhos Da Luz, Western Algarve

Ownership Status: Company

Built in: n/a

7,000m2 Plot size

€ 850 £ 750 $ 1,013 / m2 plot

Land with 7000 m⊃2; in urban area constituting a lot in allotment number defined by the city of Lagos, with licensing, studies and project for the construction of a residential hotel unit geared to Geriatrics composed of 126 assisted residences for different degrees of dependence.

The built area will be approximately 11000 m⊃2;, divided into 2 floors above ground with where there were 126 units of residence, inserted in a complex of clinical and hotel services, with garden, swimming pool, restaurant, etc. , and an underground floor for garage and technical areas. This volumetry required for the projecvt has already been approved by the Lagos City Council in Request for Prior Information.

The 126 units for assisted living will have 2 typologies, studio and T1, each with an area of over 36 m⊃2; with 2 beds and prepared for all the degree of disability of its users.

The business model focuses on a profile of users with purchasing power, being able to use the facilities in the form of a stay of variable duration or by acquisition of the respective unit, being possible the sale in horizontal property.

For the operation of this operation it is expected to create 100 jobs, all licensing and project studies are included.

Ask for more detailed information, revealing the interest and feasibility of the project

 

No features have been added to this property.

Key information

Reference: PP3223

Commercial

Montinhos Da Luz, Western Algarve

Ownership Status: Company

Built in: n/a

7,000m2 Plot size

€ 850 £ 750 $ 1,013 / m2 plot

The location: Montinhos Da Luz, Western Algarve

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Yours sincerely,
David Rowat

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