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Land with Previously Approved Project for a 3-Star Rural Hotel - Opportunity Near Odeleite Dam
Odeleite, Faro, Portugal
REF: 896273
€750,000
Description
Land with Previously Approved Project for a 3-Star Rural Hotel - Opportunity Near Odeleite Dam. An excellent investment opportunity in the Algarve's inland tourism sector. This 70,620sqm plot comes with a previously approved project for the construction of a 3-star Rural Hotel, featuring a total built area of 1,880sqm. Strategic Location Set in a stunning natural environment near the Odeleite Dam, where a new riverside beach is being developed, this site benefits from an excellent location. Just 18 km from the coast, with easy access via the N122, near the IC27 junction, offering quick connections to Odeleite, Alcoutim, Spain, and the Algarve coastline. Project Features The project was designed with two zones featuring horizontal access and internal pathways, including: 27 double rooms, all with private bathrooms and balconies, with a total capacity of 54 fixed beds 3 rooms adapted for guests with reduced mobility Common areas including: lobby, reception, cloakroom, lounge, and games room Dining room with seating for 50 guests Shared sanitary facilities adapted for users with mobility needs Leisure and Wellness Areas The project also included: SPA with indoor pool and jacuzzi, gym, Turkish bath, and sauna 2 outdoor swimming pools Children's playground, tennis court, bike rentals, and fitness trail Creation of a recreational lake integrated into the surrounding landscape Land with a previously approved project by the Castro Marim Municipality. For more information or to schedule a meeting, please contact us.
Land with Previously Approved Project for a 3-Star Rural Hotel - Opportunity Near Odeleite Dam. An excellent investment opportunity in the Algarve's inland tourism sector. This 70,620sqm plot comes with a previously approved project for the construction of a 3-star Rural Hotel, featuring a total built area of 1,880sqm. Strategic Location Set in a stunning natural environment near the Odeleite Dam, where a new riverside beach is being developed, this site benefits from an excellent location. Just 18 km from the coast, with easy access via the N122, near the IC27 junction, offering quick connections to Odeleite, Alcoutim, Spain, and the Algarve coastline. Project Features The project was designed with two zones featuring horizontal access and internal pathways, including: 27 double rooms, all with private bathrooms and balconies, with a total capacity of 54 fixed beds 3 rooms adapted for guests with reduced mobility Common areas including: lobby, reception, cloakroom, lounge, and games room Dining room with seating for 50 guests Shared sanitary facilities adapted for users with mobility needs Leisure and Wellness Areas The project also included: SPA with indoor pool and jacuzzi, gym, Turkish bath, and sauna 2 outdoor swimming pools Children's playground, tennis court, bike rentals, and fitness trail Creation of a recreational lake integrated into the surrounding landscape Land with a previously approved project by the Castro Marim Municipality. For more information or to schedule a meeting, please contact us.
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Currency Exchange
Odeleite, 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 €750,000 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 |
|---|---|---|---|
| €750,000 | £619,088 | £651,068 | £31,980 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £619,088 |
| Maximum cost in the last six months | £651,068 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,980 |
Odeleite, 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 €750,000 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 |
|---|---|---|---|
| €750,000 | £619,088 | £651,068 | £31,980 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £619,088 |
| Maximum cost in the last six months | £651,068 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,980 |
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 £31,980 more.
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