Located on a beautiful piece of untouched land in Melides, Portugal, this is a unique commercial development opportunity with 52.5 hectares of land for sale with an approved project to build a 4-star eco-friendly hotel and residential villas (hospitality and residential).
The approved development project accounts for 25 independent hotel suites (bungalows) and 14 residential villas but it can be amended to 34 bungalows and 25 villas instead.
The estimated return on investment is of over 30%, accounting for all costs (land, planning application, construction, infrastructures and sales) and excluding the hotel operation. This can be increased by adding more units to both the hotel and residential areas.In Comporta and Tróia villas like these are sold for about €4000-€5000/sqm. The residential villas in this project are expected to be constructed at around €1500/sqm, therefore forecasting a very high return on investment upon their sale.
The estimated ADR of over €200 and RevPAR of over €140.
With an ever increasing demand for this area and rural tourism on the rise, Melides presents the next great investment opportunity.