€5,000,000
Piece of land with a total of 12 hectares very well located close to the centre of Portimão and only 9 minutes away (driving time) from the Autódromo Internacional do Algarve (Algarve Motorsports Park). The property has an approved Architecture Project for an aparthotel with a total of 20,000 sqm of buildable area and 187 units (88 1-bedroom apartments, 77 2-bed and 22 3-bed). This will be an amenity-rich resort comprising 1 restaurant, 1 bar, meeting rooms, SPA, 6 outdoor swimming pools and a playground.
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