Land buy in Albufeira Faro

Cerro Grande is a tourist development located next to the Marina and the harbor of Albufeira, in the Cerro da Piedade and near the hermitage of Nossa Senhora da Orada. This resort, so to say is composed by 3 elements which extend over an area of approximately 6.5 ha still unfinished. The construction permit must be renewed because it has expired already in 2012. It includes a 5-star hotel unit, set in a plot of 12,120 sqm and with a construction index of around 68%. The Hotel is structured in 111 rooms distributed over 6 floors, SPA, Conference Center, restaurants and shops, with a deployment area of 3,390 sqm and a Gross Construction Area of 13,557.77 sqm. In a land with 31.702 sqm, is located a tourist village with 50 townhouses, of which 24 are type V2 and 26 type V3. They are only 28% finished, but represent 11,314 sqm of Gross Construction Area (GCA), overall and after the finishing of the work, and there is also the Club House with 662 q. m of GCA. The third component corresponds to the Sports Center, still under design, on a plot of 21,095 sqm Its planned GCA is 3,180 sqm in a deployment area of 1,500 sqm. * County: Faro * Town: Albufeira * Parish: Albufeira e Olhos de Agua REF: AV-PBI-BC1204 Location: - Area: 64917 m2 Status: In Project