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Property description
A rare investment opportunity in the Algarve region of Portugal - a mixed rustic and urban plot of 101,520 m2 with a Rural Hotel under construction (2000m2, 39 units) located near the pristine beaches of Galé, sold turnkey for 12.5M€.The hotel is set to be a unique and sought-after destination, with three blocks with 39 residential units and a variety of common spaces, including a reception area, bar, restaurant, shop, lounges and more.The hotel is located close to some of the best beaches in the Algarve, as well as a famous golf course, shopping centres, Faro airport and a marina, making it easily accessible for guests. All units face southeast and feature stunning views of the south side of the farm, along with convenient parking, a pool, and a children´s play area.The property offers multiple income-generating opportunities, including its potential to be transformed into a thriving "community living" community for remote workers, digital nomads, a crypto-village, a private retirement home, and more.The property is fully equipped with a variety of assets, including a fenced perimeter, 2 wells for water, a full water/electricity/sewer network, 6 greenhouses, a warehouse, staff accommodation, animal housing, fruit trees, a vineyard, agricultural machinery, and transport vehicles.Invest in a piece of Portugal´s vibrant countryside with this incredible Rural Hotel opportunity. With its prime location and diversified income-generating potential, this is a smart investment for any discerning investor. Contact us today for more information.