Building plot with viability for the construction of a four or five star Hotel or, alternatively holiday rental apartments. The plot is located 400m from the beach and 1 km from the golf course. The plot is 6257sqm in size and boasts a partial sea view. As the plot is located in an existing tourist area it has viability for the construction of a four or five star hotel as mentioned above. In accordance with Portimão City Planning Department the maximum construction area above ground is 3,125.5sqm (Note: this figure does not include balconies and terraces). The maximum construction permitted above ground is four stories and one basement level for parking and machinery rooms.
Approval has been granted for the construction of 41 apartments, each of aproximately 50sqm plus 15sqm for balcony/terrace. A request will be made to the Planning Department for permission to increase the number of rooms to 66 in the case of a hotel or to 52 apartments in the case of four star holiday apartments.