Land/Plot for sale in Faro (Sé e São Pedro), 146300 m²

Faro (Sé e São Pedro), Faro

Land/Plot

EUR 5,500,000

• 146,300 sqm

A Tourism Development project is presented with approximately 15 hectares in one of the most appreciated Algarve areas by various foreign communities. The area is in the parish of Santa Bárbara de Nexe, municipality of Faro. The tourism development that the Algarve has experienced and specifically the parish of Santa Bárbara de Nexe, a barrocal parish strategically positioned between the coast and the mountains, with the sea in the background, enjoying an immense landscape that unfolds over kilometres along the Algarve coast, and also in its interior, with valleys and hills providing the calm and tranquility so characteristic of the interior Algarve, has indeed attracted many residents of different nationalities. This property with an approved project for a 5-Star Resort Hotel includes the following: - Total land area: 146,300 m2; - Total construction area: 19,957 m2; - 83 apartments (senior and junior suites), with the possibility of being presented as 146 units; - 160 approved fixed beds, plus 152 convertible beds, totalling a maximum capacity of 312 beds; - 7 restaurants; - Concert hall; - 4 conference rooms; - Spa, relaxation and gym facilities; - 2 indoor pools; - 2 outdoor p…