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Property for sale

Montinhos Da Luz, Algarve, Portugal

€4,950,000

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Call: 03339 396779
  • Description
  • Floorplans (0)
  • Map

Key features:

  • Commercial

Full description:

Land with 7,000 m2; in an urban area with licence, studies and project for the construction of a residential hotel unit geared to geriatrics composed of 126 assisted living residences for different degrees of dependence.

The built area will be approximately 11,000 m2, divided into 2 floors above ground with where there will be 126 units of residence inserted in a complex of clinical and hotel services, with garden, swimming pool, restaurant, etc and an underground floor for garage and technical areas. This project has already been approved by the Lagos City Council in Request for Prior Information.

The 126 units for assisted living will have 2 typologies, studio and 1 bedroom, each with an area of over 36 m2; with 2 beds and prepared for all degree of disability of its users.

The business model focuses on a profile of users with purchasing power, being able to use the facilities in the form of a stay of variable duration or by the acquisition of the respective unit.

This project is expected to create 100 jobs, all licensing and project studies are included.

Ask for more detailed information, to reveal feasibility of the project.

 

Ref: PP3223



Property Features
  • Commercial

This pin shows the general area of the property as the exact location was not given

Nearest Airports*

  • Faro (INTERNATIONAL), 20.7 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Portugalproperty.com, Vilamoura

Avenida da Marina Urb. Marina Plaza Bloco 26B Fracção C Vilamoura 8125-401
03339 396779  Local call rate

Disclaimer

This is a property advertisement provided and maintained by Portugalproperty.com, Vilamoura (reference 72227_PP3223) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

Portugalproperty.com, Vilamoura

Avenida da Marina Urb. Marina Plaza Bloco 26B Fracção C Vilamoura 8125-401
or call 03339 396779
Calling from outside the UK? 0044 800 014 8201

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