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€ 4,950,000 £ 4,233,654 $ 5,372,201

Reference PP3223

Lagos, Western Algarve

Commercial

Built in: n/a

7,000m2 Plot size

€ 707 £ 604 $ 767 / m2 plot

Wellness Village Montinhos

€ 4,950,000 £ 4,233,654 $ 5,372,201

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Key information

Reference: PP3223

Commercial

Lagos, Western Algarve

Ownership Status: Company

Built in: n/a

7,000m2 Plot size

€ 707 £ 604 $ 767 / m2 plot

Land with 7,000 m2; in an urban area with licence, studies and project for the construction of a residential hotel unit geared to geriatrics composed of 126 assisted living residences for different degrees of dependence.

The built area will be approximately 11,000 m2, divided into 2 floors above ground with where there will be 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 project 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 1 bedroom, each with an area of over 36 m2; with 2 beds and prepared for all 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 the acquisition of the respective unit.

This project is expected to create 100 jobs, all licensing and project studies are included.

Ask for more detailed information, to reveal feasibility of the project.

 

No features have been added to this property.

Energy rating

  • A+
  • A
  • B
  • B-
  • C
  • D
  • E
  • F
  • G

The energy rating shows the energy efficiency of a building on a scale of A to G. The most efficient homes – which should have the lowest fuel bills – are in band A, whereas the most inefficient homes are in band G.

Key information

Reference: PP3223

Commercial

Lagos, Western Algarve

Ownership Status: Company

Built in: n/a

7,000m2 Plot size

€ 707 £ 604 $ 767 / m2 plot

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Lagos, Western Algarve

Praia da Luz is another Algarve resort that has seen much development in recent years and it has become a firm favourite for several ex-patriot communities. It has retained its appeal and attractiveness by being held to a relatively low-rise landscape. A lot of the development has gone to the west of Praia da Luz, but it now boasts a wide selection of accommodation, with several hotels in the central hub of the village and many private holiday rentals.

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Send your enquiry through now.

Yours sincerely,
Jacolien Jennings

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