Investment Opportunity in the Algarve - Land with Potential for Tourism Development
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- Video Watch
- Property typeLand
- Sale € 11.500.000
- Area178198 m²
- StatusUsed
- CountyFaro
- TownCastro Marim
- ParishAltura
- LocationAltura
- REFSU-CS-TER-86453
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178198 m²
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Description
Investment Opportunity in the Algarve - Land with Potential for Tourism Development.
We present a unique property with a total area of 178,198sqm, comprising three independent plots, each with over 50,000sqm, formerly home to a water park (now deactivated).
This land offers strong potential for tourism development, supported by positive feedback from Preliminary Information Requests (PIP) issued by the local municipality, allowing for:
The construction of a hotel,
A caravan park,
And a bungalow resort.
Prime Location
Ideally situated next to the main national road and with direct access to the A22 motorway, this property benefits from excellent visibility and accessibility, located by a key roundabout.
Surrounding Area
Set in the heart of the Eastern Algarve (Sotavento), this location is within close proximity to some of the region's most stunning beaches:
Manta Rota Beach,
Praia Verde,
Altura Beach.
The Eastern Algarve is known for its natural beauty, year-round mild climate, and growing appeal to both national and international tourists, making it one of the most promising areas in southern Portugal for real estate investment.
A rare opportunity to develop a tourism project in one of the Algarve's most sought-after regions.
Contact us for more information or to schedule a visit.
We present a unique property with a total area of 178,198sqm, comprising three independent plots, each with over 50,000sqm, formerly home to a water park (now deactivated).
This land offers strong potential for tourism development, supported by positive feedback from Preliminary Information Requests (PIP) issued by the local municipality, allowing for:
The construction of a hotel,
A caravan park,
And a bungalow resort.
Prime Location
Ideally situated next to the main national road and with direct access to the A22 motorway, this property benefits from excellent visibility and accessibility, located by a key roundabout.
Surrounding Area
Set in the heart of the Eastern Algarve (Sotavento), this location is within close proximity to some of the region's most stunning beaches:
Manta Rota Beach,
Praia Verde,
Altura Beach.
The Eastern Algarve is known for its natural beauty, year-round mild climate, and growing appeal to both national and international tourists, making it one of the most promising areas in southern Portugal for real estate investment.
A rare opportunity to develop a tourism project in one of the Algarve's most sought-after regions.
Contact us for more information or to schedule a visit.
Photos
Location
Altura, Castro Marim, Faro (Algarve)