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Global Properties

140000m² Land in Faro, Portugal No. 315928

$ 4 077 850
$ 29 per m²
140000 Living space, m²
Faro, Portugal
Parameters
Living space, m²
140000
ID
315928
Type
Land
Property description
Stretching across an area of more than 140,000 m2, this plot of land is set in one of the most beautiful landscapes and tranquil regions of the Algarve, located just a 15 minutes drive away from Faro Airport, and the cities of Loulé and São Bras de Alportel.

The plans approved by the Council Hall allow for one self-contained hotel building for a 4- or 5-star hotel, with a total area of almost 25,000 m2 and an overall construction-area of more than 19,000 m2.

Contained in this area would be 146 keys/units to let, consisting of 83 apartments, most of them with a senior suite and a junior suite, with a total of 312 beds available for hotel usage.

In addition, generously proportioned areas are planned for:
7 different restaurants and concert hall, conference rooms, spa / relaxation rooms, gymnastics, indoor / outdoor swimming pool, water landscape, underground garage, a 9 holes par-three golf course directly alongside the hotel, with a separate Golf-House and Golf Restaurant and tennis courts.


This is a unique opportunity to create a lovely resort in the countryside. If you are looking to invest in the Algarve, book your viewing today.

The feature(s)/equipment(s) mentioned in this description, are subject to verification and agreement between the prominent vendors and buyers.

EPC: B
REF: FC466GTS
Features
Indoor facilities
  • Garage
Outdoor features
  • Swimming pool
Statistics Faro
$ 4 620
Price per m²
164
Quality of Life Index
50
Cost of living Index
Parameters
[:second_city:]
Faro
Difference
Monthly Rent Cost
1-Room Apartment
$ 1 157
2-Room Apartment
$ 930
Apartment Purchase Price per m²
In the City Center
$ 4 620
Outside the City Center
$ 3 555
Crime Index
30
Cost of Living and Rent Index
40
Purchasing Power Index
73
Property Price to Income Ratio
14
Safety Index
70
Traffic CO₂ Index
5958
Traffic Inefficiency Index
141
Rent Index
27
Health Care Index
54
Groceries Index
48
Pollution Index
34
Traffic Commute Time Index
25
Restaurant Price Index
45
Climate Index
98
Cost of Living Index
50
Quality of Life Index
164
Traffic Index
120
Restaurants
Meal, Inexpensive Restaurant
$ 14.06
Meal for 2 People, Mid-range Restaurant, Three-course
$ 42.19
McMeal at McDonalds (or Equivalent Combo Meal)
$ 11.72
Domestic Beer (0.5 liter draught)
$ 2.93
Imported Beer (0.33 liter bottle)
$ 2.34
Coke/Pepsi (0.33 liter bottle)
$ 2.34
Water (0.33 liter bottle)
$ 1.64
Cappuccino (regular)
$ 1.90
Markets
Milk (regular), (1 liter)
$ 1.08
Loaf of Fresh White Bread (500g)
$ 1.55
Eggs (regular) (12)
$ 3.51
Local Cheese (1kg)
$ 14.51
Water (1.5 liter bottle)
$ 1.25
Bottle of Wine (Mid-Range)
$ 5.27
Domestic Beer (0.5 liter bottle)
$ 0.98
Imported Beer (0.33 liter bottle)
$ 3.08
Cigarettes 20 Pack (Marlboro)
$ 6.68
Apples (1kg)
$ 2.67
Chicken Fillets (1kg)
$ 6.35
Oranges (1kg)
$ 1.62
Potato (1kg)
$ 3.25
Lettuce (1 head)
$ 1.45
Rice (white), (1kg)
$ 1.85
Tomato (1kg)
$ 2.68
Banana (1kg)
$ 1.35
Onion (1kg)
$ 2.55
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$ 11.38
Transportation
One-way Ticket (Local Transport)
$ 3.52
Monthly Pass (Regular Price)
$ 43.36
Gasoline (1 liter)
$ 2.04
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$ 35 211
Taxi Start (Normal Tariff)
$ 3.87
Taxi 1km (Normal Tariff)
$ 1.17
Taxi 1hour Waiting (Normal Tariff)
$ 22.27
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$ 39 931
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$ 141
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$ 36.33
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$ 20.36
Salaries And Financing
Average Monthly Net Salary (After Tax)
$ 1 465
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
5%
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult
$ 44.54
Tennis Court Rent (1 Hour on Weekend)
$ 22.27
Cinema, International Release, 1 Seat
$ 11.72
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)
$ 74.22
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$ 46.30
1 Pair of Nike Running Shoes (Mid-Range)
$ 110
1 Pair of Men Leather Business Shoes
$ 107
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$ 479
International Primary School, Yearly for 1 Child
$ 12 708
Contact seller
Contact seller

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