An extensive plot of land for sale in Tavira, situated within Santo Estêvão this is an extremely lucrative investment opportunity for individuals wanting to expand their real estate portfolio.
Whether youre looking to go ahead with the already approved project of a 120 room 5 hotel, or if youre wanting to do something entirely different - with the correct permissions of course, the expansive 114,000m2 provides ample opportunity to see a serious return on your investment.
The current owner is waiting on approval for the remaining 94 hectares from the Ndt (Nucleo de Desenvolvimento Turístico) as the approved hotel would cover 22,000m2 of the overall amount.
With every small detail already considered, the designer is waiting for approval on a project which will consist of an 18 hole golf course - ideal for for the golf enthusiasts who flock to Algarve year round, and on top of this, they will even be able to book a private villa out of the 45 that will be situated within the eco resort just next door.
Additional features are also waiting approval such as various lakes and a riverside for nature lovers to be able to explore and enjoy!
Price € 30,000,000
Price / sq metre: €/m² 263.16
Agency: Ideal Homes International