Commercial for sale in Santa Bárbara de Nexe, Portugal

Project approved, by the municipality of Faro, for construction of hotel with 146 rooms, aparthotel with 83 apartments and 9-hole golf course, just 10 minutes from the historic center of Faro, the beach and the international airport, in the district capital. The amount of investment for the Hotel project, approved by the municipality of Faro, is 8 million euros plus construction costs estimated at 60 million euros. The lot size is around 146,915m², including hotel deployment with 8327m². The Apart-Hotel will have 83 Apartments and 146 Hotel Rooms. The property has an amazing pine forest, ideal a 9-hole golf course and an artificial lake or ecological pool. Faro Airport and a helipad are more than 10 minutes away.