Large Plot of Land For Sale in Tavira

For Sale

€30,000,000 $36,523,499 | £26,695,354 | ¥236,741,812 *

Type Land
Status For Sale
Area Size 1,227,096 ft2  (114,001m2)
City Santo Estevao
Region Faro
Country Portugal

An extensive plot of land for sale in Tavira, situated within Santo Estevao this is an extremely lucrative investment opportunity for individuals wanting to expand their real estate portfolio.

Whether you’re looking to go ahead with the already approved project of a 120 room 5* hotel, or if you’re 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 Turistico) as the approved hotel would cover 22,000m2 of the overall amount.

‘With everything small detail already considered, the designer if waiting for approval on a project which will consist of an 18 hole golf course, which would be great 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!

Print Date 23-Jan-2021
Updated 19-Jan-2021
Property Ref. WWPC-88510
Department Sales :: Development

arrange a viewing

  • Prices shown are converted from their advertised price to the displayed currencies. Prices are approximate and refreshed hourly but are subject to change without prior notice due to market fluctuation.
  • Map locations may be approximate at the vendors request or for security purposes.