Location : Central Algarve, Albufeira

Price From : €6,000,000 | £5,263,158

Type : Plot

Reference : ASP342

Tel : 44 (0)1925 414422

Email : info@buyportugal.com

Fantastic opportunity to acquire an extensive plot of land, which houses a derelict former palace (Sant'Ana Palace), for construction of a low rise 4 star hotel, with two separate buildings

Having an unrivalled location being 100 metres from Peneco Beach overlooking the sea.

The project provides 80 rooms in a building comprising: below basement area, basement and two further floors.

The former palace will be reconstructed with 2 floors incorporating the dining area and restaurant, this will be a separate building to the building housing the 80 rooms.

The outdoor area with have a large 'L' shaped swimming pool, solarium, landscaped gardens and underground parking.

Approved Deployment Area 2,270 square metres
Construction Area approved 4,540 square metres

Albufeira in the Algarve, Portugal, attracts thousands of visitors every year and it's easy to understand why. There is Albufeira old town with it's pretty cobbled streets lined with restaurants, bars, cafes and shops; the lively nightlife in Sao Joao; Albufeira marina with its sugar candy coloured apartments and last but not least the lovely, sandy beaches. Albufeira is perfect for families, couples and singles of all ages and is central for all the tourist attractions, with the added bonus of a short transfer from Faro airport!

Broadband is widely available in Portugal and is known as 'banda larga'. It is considered to function better than broadband services in the UK due to the fact that Portugal was one of the last countries to embrace broadband technology and thus has a system with newer design and technology. There are several service providers offering ADSL, fibre and wireless services in Portugal to the residential and the professional markets.

Plot size: 7,572 square metres

Ref: ASP342

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Note: Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.