Commercial property 100 073 m² in Faroe Islands, Faroe Islands

A destroyed farmhouse in a rural area located in Albufeira, a town in the Algarve region of southern Portugal. The former fishing village has become a popular holiday destination with beaches and a lively area with nightlife. The total area of the plot is 101.520 m2. Due to the vastness of the site, it is possible to obtain a permit for the construction of a tourist project. Much of the land was cultivated in the past and is easily cultivated with great agricultural potential. Other parts can be prepared for agriculture or used as forest or permanent agriculture (fruit trees). It has two water wells, light and sewerage, has a warehouse with a dining room, a bathroom and a refrigeration container. There is an approved project of a rural hotel consisting of 39 rooms (20 rooms on the 1st floor and 19 rooms on the 1st floor), while 3 rooms on the 1st and 1st floors are designed for people with reduced mobility. The total construction area of the hotel is 2000 m2 and is distributed into 3 blocks, 2 of which are intended for residential premises, and the central entrance unit is allocated for various services. This rural hotel will be classified as a 4-star hotel. The site has excellent access roads. Located 3.3 km from Galé beach; -5.0 km from Albufeira marina; -5.4 km from Zoomarine;-6.7 km from Algarve Shopping. Great investment opportunity in this tourist area!