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Key information Make an enquiry

€ 7,000,000 £ 6,178,522 $ 8,347,165

Reference PP4169

Alvor, Western Algarve

Land

Built in: n/a

4,332m2 Build size

€ 1,616 £ 1,426 $ 1,927 / m2 build

8,051m2 Plot size

€ 869 £ 767 $ 1,036 / m2 plot

Land In Alvor With Project Approved For 4* Hotel - Investment Opportunity

€ 7,000,000 £ 6,178,522 $ 8,347,165

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Key information

Reference: PP4169

Land

Alvor, Western Algarve

Ownership Status: Company

Built in: n/a

4,332m2 Build size

€ 1,616 £ 1,426 $ 1,927 / m2 build

8,051m2 Plot size

€ 869 £ 767 $ 1,036 / m2 plot

These properties are located on one of the best seaside areas, about 350 m from the beach and 400 m from the centre and the riverside area, next to the road that connects the city and the beaches. 

The area is essentially touristic, where several hotels and sets of tourist apartments are located. 
It has excellent access to the main roads - N125 km and A22 are approx 5 km away.

Plot 1 - Area 8.051,50m2

The property is an unoccupied urban land that is practically flat and is located at the level of the surrounding streets.

A project for the construction of a building for a tourist resort - a 4-star hotel apartment - has been approved for this plot.

Plot 2 - Area 18.027,50m2

The property is an unoccupied urban land that is practically flat and is located at the level of the surrounding streets.

This plot has approval for a construction project of a building for to tourist enterprise - hotel - 4 stars apartment.

According to the project, the building to be built will consist of 6 floors, including one in the basement, composed of 55 accommodation units - studios (T0 - 110 beds), besides several support areas, namely reception, living room, bar, dining room, kitchen, laundry, sanitary installations, technical areas, etc.
The planned gross construction area is 4,332 m2 being the implantation area of 1.285 m2.

Outside includes a large terrace/solarium as well as swimming pool and gardens. The set also includes internal street and parking areas (86 bays - 28 in basement and 58 outside).

The "Plano de Pormenor da Praia do Alvor - Praia dos Três Irmãos - PPATI", promoted and developed by the City Hall, is in the final phase of approval.

In accordance with the Regulation of this plan, it is foreseen the readjustment of areas and repositioning of the two lots, creating a single building corresponding to a designated UP10 Planning Unit, with the total area of 19,364.18m2 being 14,794.64m2 the area to be allocated to the tourist resort.

Features

  • New development
  • Features great views
  • Sea view
  • Morning sun
  • Evening sun
  • Near bars / restaurants
  • Near a golf course
  • Near the beach

Key information

Reference: PP4169

Land

Alvor, Western Algarve

Ownership Status: Company

Built in: n/a

4,332m2 Build size

€ 1,616 £ 1,426 $ 1,927 / m2 build

8,051m2 Plot size

€ 869 £ 767 $ 1,036 / m2 plot

The location: Alvor, Western Algarve

Located in the Faro District of the Algarve region, Alvor has a population of around 5,000 residents, and remains a popular alternative to some of the more crowded and commercialized areas of the Algarve region. Alvor has managed to maintain its traditional Portuguese fishing village charm despite the influx of tourists and new buyers.

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Send your enquiry through now.

Yours sincerely,
Mihaela Silva

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