- Cabo / Satélite
PRICE UPON REQUEST!
This investment opportunity is a 352 hectare private estate just 36 kilometers north of the Algarve. The land is south facing and has a lake frontage of 7,2 km. On the highest point, there is an imposing Manor House extending 2.000 square meters, which is currently under reconstruction using local stone and materials with hand made roof tiles. It has ten bedroom suites, and will make a splendid private residence or a small rural hotel.
The owner has obtained planning permission for the estate to become a sports, health and fitness resort to include a spa hotel, a second hotel with a championship golf course, tennis center, and sailing school, together with high quality real estate. The design of the master plan has similar characteristics to Quinta do Lago.
The master plan is divided into six main areas and includes:
1.- 91 properties: well proportioned townhouses and apartments plus shops, restaurants and bars - Construction area of 16.698 square meters, 12 hectare plot;
2.- 31 private villas of 550 square meters each - Construction area of 17.243 square meters on a 10 hectare plot;
3.- 411 sub-plots, comprising: 28 private villas, 383 touristic apartments, shops, restaurants and bars - Construction area of 90.230 square meters on a 31 hectare plot;
4.- Private villa of 2.000 square meters;
5.- 5 Star Hotel: 150 rooms, 300 beds - Construction area of 21.700 square meters;
6.- 4 Star Hotel: 125 rooms, 250 beds - Construction area of 13.725 square meters;