According to descriptive memory, the program includes: The proposal aims to build an isolated Hotel Establishment in the typology of Aparthotel associated with the theme of nature tourism in particular of farm with agricultural production of typical products of the region

Silves, Faro, Portugal

For Sale

€15,000,000

REF: 585488 €15,000,000


803240 m2

Description

According to descriptive memory, the program includes: The proposal aims to build an isolated Hotel Establishment in the typology of Aparthotel associated with the theme of nature tourism in particular of farm with agricultural production of typical products of the region. The urban proposal concentrates its implementation in a single area and of less than 10% of the total property - 7.6ha, and the land has an area of 80.3ha.

The buildings have a maximum of 2 floors. THE SOLUTION ENCOMPASSEs: Main building at the top of the ground and next to the geodesic landmark. Rehabilitation of the Chapel of Santana and its conversion into catering equipment including the creation of an outdoor deck/terrace; Set of bungalows of various typologies, arranged within the defined nuclear structure and implanted taking advantage of the natural level curves of the terrain, combined with sun exposure and views; Outdoor leisure area next to the reservoir for sports and leisure activities, which will support the various accommodation units, and which will have the contiguous ruin rehabilitated in order to offer the necessary support.

Orchard and animal area for own consumption and interaction with guests. The road and pedestrian routes will be the existing ones. USE PROGRAM: Hotel will consist of: main building and swimming pool, chapel and terrace, bungalows, recreational and leisure areas, and green areas of autoctonous bush. The main building has 2 blocks, one to the north that includes the reception and backoffice, living room facing the landscape and a set of meeting and conference rooms on Floor 0.

On the upper floor is a set of 19 suites in the conventional hotel typology. To the south are located the leisure and dining spaces, namely the restaurant, the kitchen and the bar on the 0th floor and the gym and SPA on the floor -1. Outside in front of this arises the swimming pool and living area launched over the landscape.

Also on the lower floor are also the staff locker rooms and a warehouse; Bungalows, will be of 2 types, both in wooden structure. ZONE 1=Next to the Chapel= small core coated in the exterior in corten steel consisting of single floor. They will be T1 with a living room and kitchenette, a sanitary facility and a bedroom.

The rest will be entirely in wood, structure and exterior finish, sloping cover with two waters and balcony. There are 3 typologies, T1, T1+1 and T2, the latter being prepared for disabled users. They consist of living room with kitchenette, a bedroom, a sanitary installation, and a covered balcony. In the case of T1+1 there is still a mezzanine.

CAPELA = will be rehabilitated and converted into a hotel dining space with outdoor terrace over the west reservoir. The entire development will be served by outdoor leisure spaces, courses, a swimming pool and green areas.
According to descriptive memory, the program includes: The proposal aims to build an isolated Hotel Establishment in the typology of Aparthotel associated with the theme of nature tourism in particular of farm with agricultural production of typical products of the region. The urban proposal concentrates its implementation in a single area and of less than 10% of the total property - 7.6ha, and the land has an area of 80.3ha.

The buildings have a maximum of 2 floors. THE SOLUTION ENCOMPASSEs: Main building at the top of the ground and next to the geodesic landmark. Rehabilitation of the Chapel of Santana and its conversion into catering equipment including the creation of an outdoor deck/terrace; Set of bungalows of various typologies, arranged within the defined nuclear structure and implanted taking advantage of the natural level curves of the terrain, combined with sun exposure and views; Outdoor leisure area next to the reservoir for sports and leisure activities, which will support the various accommodation units, and which will have the contiguous ruin rehabilitated in order to offer the necessary support.

Orchard and animal area for own consumption and interaction with guests. The road and pedestrian routes will be the existing ones. USE PROGRAM: Hotel will consist of: main building and swimming pool, chapel and terrace, bungalows, recreational and leisure areas, and green areas of autoctonous bush. The main building has 2 blocks, one to the north that includes the reception and backoffice, living room facing the landscape and a set of meeting and conference rooms on Floor 0.

On the upper floor is a set of 19 suites in the conventional hotel typology. To the south are located the leisure and dining spaces, namely the restaurant, the kitchen and the bar on the 0th floor and the gym and SPA on the floor -1. Outside in front of this arises the swimming pool and living area launched over the landscape.

Also on the lower floor are also the staff locker rooms and a warehouse; Bungalows, will be of 2 types, both in wooden structure. ZONE 1=Next to the Chapel= small core coated in the exterior in corten steel consisting of single floor. They will be T1 with a living room and kitchenette, a sanitary facility and a bedroom.

The rest will be entirely in wood, structure and exterior finish, sloping cover with two waters and balcony. There are 3 typologies, T1, T1+1 and T2, the latter being prepared for disabled users. They consist of living room with kitchenette, a bedroom, a sanitary installation, and a covered balcony. In the case of T1+1 there is still a mezzanine.

CAPELA = will be rehabilitated and converted into a hotel dining space with outdoor terrace over the west reservoir. The entire development will be served by outdoor leisure spaces, courses, a swimming pool and green areas.
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Property on Map

#AV-PBI-1280

Currency Exchange

Silves, Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €15,000,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€15,000,000 £12,760,350 £13,148,100 £387,750
Property Price € €15,000,000
Minimum cost in the last six months £12,760,350
Maximum cost in the last six months £13,148,100
Fluctuating exchange rates over the last six months could have increased the cost of this property by £387,750

Silves, Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €15,000,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€15,000,000 £12,760,350 £13,148,100 £387,750
Property Price € €15,000,000
Minimum cost in the last six months £12,760,350
Maximum cost in the last six months £13,148,100
Fluctuating exchange rates over the last six months could have increased the cost of this property by £387,750

The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £387,750 more.

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