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Development in Albufeira, 450 meters from the beach

Investment Opportunity

Photo 1 of 12

Development in Galé

Ref: 6268 | Bedrooms: 30

€ 5.800.000 | £ 5.077.656

DEVELOPMENT/HOTEL | 30 1 BED APARTMENTS | SEA VIEWS | GALÉ - ALBUFEIRA

LOCATION! LOCATION! LOCATION!

This is, without a doubt, one of the best investment opportunities in the Algarve. A true gem 450 meters from the famous Praia do Evaristo, Galé - Albufeira.

This project is currently thought of as a Hotel-Spa with 22 rooms, but there is a project in the final stage of approval to turn it into a residential building of 30 one-bed units, with sea views, parking, storage rooms, swimming pool and garden, with direct access to the beach.

The resort is located in a quiet area, yet close to several bars, Michelin-starred restaurants and supermarkets (including Apolonia and Iceland). Albufeira is only 5 minutes away.

Do not hesitate on contacting us for more information, flooplans and financial information.