Engel & Völkers

Land with approved project for Hotel in Loulé

€2,550,000
  • 13,533 m² Plot surface

Description

Building plot located in the area of Pedragosa, Loule, consisting of scattered isolated buildings that embrace excellent sun exposure and beautiful panoramic views over the sea. It is a suburban area of the city of Loulé, close to the exit towards São Brás de Alportel. The surrounding area has all of the infrastructure of the local environment in which it operates, namely the public services of water, sanitation, electrical and communications networks. Zoning is for building a tourism development in rural areas, housing systems such as a sports residence of the Recreation Center type, seniors’ homes residence or other uses. There is an approved project for the construction of a 4-star hotel on this site. Located on a hillside that flanks the beginning of the Algarve Barrocal, the development will be the result of a union between sophistication and rurality. The project includes 21 units, distributed into 16 - T1, one bedroom apartments, with a fully equipped living room and kitchenette, and 5 - T2, two bedroom apartments. The ground floor apartments are spacious, elegant and have generous balconies, they will be air-conditioned, with a security system, electronic locks and private bathrooms. The restaurant, with a capacity for 72 people, will allow you to enjoy a meal with a relaxing landscape beyond. The 50m2 infinity pool will be flanked by a terrace and placed in a breathtaking and calm setting. The energy efficient and sustainable hotel will be equipped with the latest amenities, resulting in an excellent relationship between the guests’ accommodations, common areas, services, allowing efficient movement between the three main buildings that make up the development.

Features
Mountain viewOpen view
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Engel & Völkers Quinta do Lago

Property ID: W-02OCG0

Property details

Object type

Site

Plot surface

13,533 m²

Location: Loulé, Faro District

Quick access to Faro Airport and Via do Infante (A22). Close to supermarkets and other services. Loulé is a Portuguese city in the district of Faro, region and sub-region of the Algarve, seat of the most extensive and populous municipality in the Algarve, subdivided into 9 parishes. The municipality is limited to the north by the municipality of Almodôvar, to the northeast by Alcoutim and Tavira, to the east by São Brás de Alportel, to the southeast by Faro, to the southwest by Albufeira, to the west by Silves and to the south by a coastline on the Atlantic Ocean. The municipality of Loulé encompasses two cities, Loulé and Quarteira, where the Nossa Senhora da Piedade Sanctuary (Mãe Soberana) is located. In the municipality of Loulé are the tourist complexes of Vilamoura / Quarteira, Quinta do Lago and Vale do Lobo (the last two in the parish of Almancil).

Floor plans (4)

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Engel & Völkers Quinta do Lago

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Provider:

Doublegleeful Unipessoal, Lda.

License partner of Engel & Völkers Residential GmbH

Commission details

Availability upon agreement. This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, change of price or withdrawal without notice. Taxes, notary and registry fees must be paid by purchaser, the commission by the seller as stipulated by Portuguese regulations.

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