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Terraços da Ribeirinha Resort in Pico Island, Azores // Land and Project

USD 2,435,499

Business opportunity (For sale)

26,264 sqft
lot 177,066 sqft
Reference: WKLC-T636 / cb11-n-04503
A resort of 26 holiday villas, in the middle of the Atlantic and the wild nature of Pico Island, in the Azores, Terraços da Ribeirinha is set in a very secluded plot with stunning views of the sea and São Jorge Island.Terraços da Ribeirinha is 35 km from the airport and close to the charming fishing village of Santo Amaro.Land with 16.450 m2Total Built Area – 2,442 m²13 two-bedroom villas measuring approximately 94 m213 one-bedroom villas measuring around 72 m2ReceptionRestaurant & Bar1 communal swimming pools near reception1 heated swimming pool inside the existing ruinsGymnasiumYoga StudioThe award-winning architects Sami-Arquitectos designed the terraced villas in order to take advantage of the steep topography, partially buried in the terrain, drastically reducing the visual impact of the construction.Each of the 13 villa blocks includes a 1-bedroom villa and a 2-bedroom villa, designed to be connected internally to become a 3-bedroom villa when required.There are 2 communal swimming pools on the grounds, one of which will be heated and built within the existing ruinsThe reception and restaurant will be at the highest point of the development, taking advantage of the stunning views.Note: All images used are merely illustrative and are intended to convey the concept and vision of the houses. They are for guidance only and do not necessarily represent the true final image of the project. Exact representation of the finished product and specifications may vary. View more View less A resort of 26 holiday villas, in the middle of the Atlantic and the wild nature of Pico Island, in the Azores, Terraços da Ribeirinha is set in a very secluded plot with stunning views of the sea and São Jorge Island.Terraços da Ribeirinha is 35 km from the airport and close to the charming fishing village of Santo Amaro.Land with 16.450 m2Total Built Area – 2,442 m²13 two-bedroom villas measuring approximately 94 m213 one-bedroom villas measuring around 72 m2ReceptionRestaurant & Bar1 communal swimming pools near reception1 heated swimming pool inside the existing ruinsGymnasiumYoga StudioThe award-winning architects Sami-Arquitectos designed the terraced villas in order to take advantage of the steep topography, partially buried in the terrain, drastically reducing the visual impact of the construction.Each of the 13 villa blocks includes a 1-bedroom villa and a 2-bedroom villa, designed to be connected internally to become a 3-bedroom villa when required.There are 2 communal swimming pools on the grounds, one of which will be heated and built within the existing ruinsThe reception and restaurant will be at the highest point of the development, taking advantage of the stunning views.Note: All images used are merely illustrative and are intended to convey the concept and vision of the houses. They are for guidance only and do not necessarily represent the true final image of the project. Exact representation of the finished product and specifications may vary.
Reference: WKLC-T636
Country: PT
City: ilha do pico - lajes do pico
Category: Commercial
Listing type: For sale
Property type: Business opportunity
Property subtype: Bar, Hotel, Restaurant
Property size: 26,264 sqft
Lot size: 177,066 sqft

SALE PRICE PER SQFT IN PORTUGAL

Average sale price per sqft
Oct 2023
3 months
1 year
House
USD 262
+1.3%
-11.5%
Apartment
USD 357
-4%
-8.6%

AVERAGE HOME VALUES IN PORTUGAL

REAL ESTATE PRICE PER SQFT IN NEARBY CITIES

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