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Key information Make an enquiry

€ 1,260,000 £ 1,104,830 $ 1,369,934

Reference PP173067

Azores

Land

Built in: n/a

5,989m2 Plot size

€ 210 £ 184 $ 228 / m2 plot

Oceanfront Land And Partially Constructed Six Suite Hotel in Picturesque São Miguel, Azores.

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€ 1,260,000 £ 1,104,830 $ 1,369,934

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Key information

Reference: PP173067

Land

Azores

1 Bathrooms

Ownership Status: Private

Built in: n/a

5,989m2 Plot size

€ 210 £ 184 $ 228 / m2 plot

Welcome! This slice of oceanfront paradise is ready to be yours.

Possibilities are endless for this property. The purchaser has the opportunity to customize the existing plans, add bungalows, or transition the project into a private residence and enjoy one's own oceanfront oasis.

The existing property can also be purchased by a developer/investor and sold off to buyers as golden visa opportunities. 

This oceanfront property already has cleared all the red tape and just needs you to take it over the finish line. Everything in place for your dream home or hotel: Permits? Approved. Construction? Already started! Water views? Spectacular!

The current plans include a six-suite hotel, with each guest staying in a studio with private living quarters, each with a bedroom & ensuite bathroom, plus a patio overlooking the grounds.

The hotel also boasts plenty of communal space for guests, including a pool & sun deck, saunas, a fitness center, a jacuzzi, a Turkish bath and a bar with a small restaurant.

A landscape architect designed the property to take advantage of natural beauty and stunning ocean views. The plan includes extensive gardens, a private waterfall grotto with koi pond, a nature preserve and hiking trails.

Current permits in place, this project is estimated to cost between €400,000 - €600,000 ($390,000 - $588,000 Oct’22) to complete. However, the property is being sold AS-IS, so you can switch gears and build a bigger hotel, an extensive vacation home, or additional guest bungalows after acquiring local permits and approvals.

Located in the picturesque parish of Ponta Garca in Villa Franca do Compo. The property is easy to access from the highway, and there is a public parking area approximately 5 meters from the property. This quiet part of Sao Miguel island includes quaint cafes and a town square, with people on horseback sharing the road with vehicles. This oceanfront community is just 30 minutes from the Sao Miguel airport and ideally situated half-way between Ponta Delgada (the capital of Azores) and a variety of outdoor recreation activities in Furnas' hot springs, waterfalls, ecological hiking trails.

Features

  • Garden
  • Sea view
  • On the waterfront

Key information

Reference: PP173067

Land

Azores

1 Bathrooms

Ownership Status: Private

Built in: n/a

5,989m2 Plot size

€ 210 £ 184 $ 228 / m2 plot

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Taxes and Expense : € 0.00
Loan amount : € 0.00
Your monthly payments : € 0.00

The location: Azores

Picturesque, verdant island with volcanic peaks, balconied mansions, blue lakes & calderas.

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Want to know more about this property?

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Send your enquiry through now.

Yours sincerely,
Mariana Madeira

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