$1,008,065

Alcácer III presents an opportunity to acquire 7.85 hectares of land with an approved architectural project for a boutique hospitality development in Portugal's Alentejo region. Situated in Castelos, near Torrão, Alcácer do Sal, the property overlooks the Vale do Gaio reservoir. The proposed development combines contemporary architecture with the surrounding countryside, creating the basis for a hospitality investment focused on nature, privacy and outdoor living. THE DEVELOPMENT The sale comprises approximately 78,500 sqm of land together with an architectural project for a proposed 15-unit apartment hotel. The development includes 13 one-bedroom duplex accommodation units and two studios, with a total proposed gross building area of 1,117.5 sqm. The architectural concept incorporates a reception, restaurant, bar, swimming pool, guest lounge overlooking the landscape, gardens, green spaces and private parking. The accommodation has been designed around natural materials, outdoor spaces and views of the surrounding countryside. According to the information provided, the architectural project has been approved and the specialist engineering projects are nearing completion. Earlier Turismo de Portugal documentation also records a favourable project-stage opinion for a proposed three-star apartment hotel. Outstanding licensing and technical requirements remain subject to verification. LOCATION AND LIFESTYLE The property occupies a countryside setting surrounded by olive groves and the natural landscape of the Alentejo, with views towards the Vale do Gaio reservoir. The location offers an attractive setting for a hospitality concept built around countryside escapes, cycling, hiking, birdwatching and the region's outdoor recreational activities. The nearby town of Torrão provides traditional Alentejo character, local restaurants and access to the surrounding rural landscape. The project's brochure provides the following approximate driving times: Lisbon and Lisbon Airport: 1 hour 20 minutes Comporta: 50 minutes Alcácer do Sal: 30 minutes This location combines the privacy of an inland countryside retreat with access to Lisbon and the beaches and hospitality destinations of Comporta. THE INVESTMENT OPPORTUNITY Alcácer III is offered as a land acquisition with an architectural project, presenting an opportunity for hospitality investors, hotel operators and property developers. An investor could acquire the property, complete the remaining development stages and establish an independently managed boutique hospitality operation. The proposed scale and natural surroundings provide a foundation for a hospitality concept focused on short breaks, countryside experiences and nature-led tourism. Alternatively, a property developer could acquire and construct the project before assessing potential operating, ownership or exit structures. Any proposal involving the sale of individual hospitality units would require separate legal, planning and licensing confirmation. The approved architectural project provides a starting point for development, with the purchaser responsible for the outstanding project requirements and subsequent construction. This offering is for the land and proposed development as a whole. No completed or individual accommodation units are available for sale. For further information, project documentation or to arrange a site visit, please contact me directly. Architectural images are illustrative representations of the proposed development. Final specifications remain subject to the applicable approvals and construction process. #ref:0642