Land buy in Ponta Delgada Azores

Located in the picturesque parish of Ponta Garca in Villa Franca do Compo, sits a partially constructed oceanfront hotel with a six-suite floor plan. The property has already received permitting approval for all planned improvements. Permitted improvements include the six bedrooms with en-suite baths, private living quarters and a patio. Communal living features include saunas, a fitness centre, pool, jacuzzi, sun deck, Turkish bath and a bar with a small restaurant. Free nearby parking is available to guests. In addition to the hotel improvements, the property boasts extensive grounds and natural elements: First Line Oceanfront Views Extensive Gardens Private Waterfall Grotto with Koi Pond Nature Preserve Hiking Trails The property is being sold as-is, partially constructed with existing plans. Estimates for final construction costs range from €400k to 600k Ref: PP173067 Property Features Land Swimming pool 6 bedrooms 10 bathrooms Air conditioning Garden Terrace/Balcony Gym New development Luxury property Sea view Morning sun