Introducing a prime development opportunity in the sought-after Pedragosa area of Loulé: a spacious building plot nestled on a hillside at the gateway to the Algarve Barrocal, offering stunning panoramic sea views and all-day sunshine. This plot comprises scattered, standalone structures within a well-established suburban setting, close to the junction leading to São Brás de Alportel. It benefits from comprehensive local infrastructure, including water, sanitation, electricity, and communication networks. Zoned for rural tourism development, the site presents various possibilities, such as a boutique hotel, sports residence, senior living community, or other hospitality ventures. An approved master plan features the construction of a sophisticated 4-star hotel project, comprising 21 units—16 modern one-bedroom apartments with private balconies, fully equipped living spaces, air conditioning, security systems, and electronic locks, and 5 two-bedroom apartments. The ground-floor apartments are spacious and elegantly designed, ideal for discerning guests. The hotel will boast a renowned restaurant accommodating 72 diners, a stunning infinity pool of 50m² with terrace seating, and lush outdoor areas that harmoniously blend rural charm with contemporary luxury. Emphasizing sustainability and energy efficiency, the development will feature state-of-the-art amenities across all shared spaces and guest accommodations, ensuring comfort and a seamless experience. Strategically located, it offers quick access to Faro Airport and major roads such as the A22 (Via do Infante), with nearby supermarkets and essential services. The municipality of Loulé, renowned for its vibrant community, historic sites, and proximity to world-famous beaches and resorts such as Vilamoura, Quinta do Lago, and Vale do Lobo, provides a rich cultural backdrop for this exceptional property. An outstanding investment in one of Portugal’s most dynamic regions, combining rural authenticity with modern convenience and potential for lucrative hospitality ventures. REF: W-02OCG0

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Data source: https://www.rightmove.co.uk/properties/156897584?currencyCode=GBP#/?channel=OVERSEAS