Other for sale in Lagoa e Carvoeiro, Portugal

• 3.2 hectares of land (7.91 acres)
• N/C

This exceptional plot of land located in Poço Partido/Carvoeiro, Algarve, is ideal for a tourist development. With a total area of 31,970.00 m² and a construction area of 2,180 m², this property offers a privileged location just 5 minutes from Carvoeiro Beach, 8 minutes from Benagil Beach, and 10 minutes from the center of Lagoa. The potential for a significant return on investment is evident due to the excellent location and the well-structured and viable project. Two studies have been conducted for a development in a rural area, including one for a "Hotel" unit with 36 accommodation units and another with 46 accommodation units, along with reception areas, social areas, a restaurant, kitchen, bar, swimming pool, and garage. The implementation concept includes an entrance area at the lowest level, all rooms on the same level, and a second floor with the restaurant, bar, kitchen, lounge, terrace, swimming pool, and private terraces for each room. The project has been informally presented to the City Council, verifying its inclusion in the Lagoa Pdm and the likelihood of approval. With its prime location and potential for a successful tourist development, this property in Poço Partido/Carvoeiro is a unique investment opportunity. The asking price of 1,450,000 reflects the value of the land and the potential for a high return on investment in the thriving Algarve region.