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1 977 000 €
Building in Monchique, Monchique
Monchique, FaroBuilding in Monchique with parking
220 000 m²
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The Agency Portugal
Resort Ecossustentável em Desenvolvimento | 22 Hectares e 36 Unidades Aprovadas | Monchique, Algarve
MONCHIQUE HILLS RESORT ALGARVE Eco-Sustainable Resort Development & Investment Opportunity 22 Hectares | 36 Approved Units | 6 Completed | 30 Remaining A compelling opportunity for developers and hospitality investors to acquire a partially completed resort development in the scenic Monchique Mountains, Algarve. Situated on approximately 220,000 m² of land, the project has an approved development plan for 36 accommodation units, structured across three phases. Development Status Phase 1: 10 approved units 6 constructed, 4 remaining. Phase 2: 10 approved units not yet constructed. Phase 3: 16 approved units not yet constructed. Overall: 6 of 36 units completed; 30 units remain to be developed. The resort's planned facilities include a restaurant, spa, two communal swimming pools, reception and landscaped leisure areas. These facilities form part of the development concept and should not be considered completed. The sustainable design incorporates solar energy, water-management infrastructure and a target of 6070% energy and water self-sufficiency. Developer Investment Potential The combination of existing construction, an approved master plan and phased development offers investors an opportunity to advance the project without starting entirely from scratch. The remaining 30 units and planned hospitality facilities provide scope for substantial development, operational expansion and long-term value creation. An opportunity to transform a partially completed project into a fully operational boutique wellness and eco-tourism resort in the Algarve. Further documentation and viewing arrangements available upon request. Location Faro International Airport 50 min, with direct connections to major destinations across Europe, Canada and the USA Lisbon approximately 2h30 by car, bus or train, or around 30 minutes by direct flight from Faro International schools in Aljezur, Lagoa and Praia da Luz, with growing Montessori and alternative education options around Monchique Golf in Silves, with the beaches and golf courses of Quinta do Lago approximately 40 minutes away; golf and padel are also available in Monchique, Carvoeiro, Albufeira and Vilamoura New coworking and business centre in Monchique, currently being developed by the municipality, approximately 10 minutes from Monchique Hills
Details
Construction Year- -
Gross Area m²220 000
ElevatorNo
Private Gross Area m²220 000
Living Area m²- -
GarageYes
Total Lot Size m²- -
Price m²8 €
Floor- -
Location
Attributes
Garage
Balcony
Terrace
Storage Room
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TAP
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Origin Listing reference:id. TAPT02-206
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