ASKING PRICE: 15 MILLION EUROS
Executive Summary
A unique riverfront property of 170 hectares with a build capacity of 15,000 square metres is for sale on the southern bank of Lisbon’s Tejo river!
The property is 35min by car from the centre of Lisbon.
The proposed use calls for a Masterplan which includes a 5-star resort with a 145 key Historic Hotel, 60 berth Marina with Superyacht capacity, 1,000 square metres Glass Events Pavilion, Championship Links Golf Course, Spa, 24 Eco Villas and Beach Club as the key facility anchors.
The Masterplan is at the conceptual stage….and be may be moulded as the new owner sees fit.
The development cost of these facilities is estimated to be 41 million euros (dependent on final project design details).
The property’s minimum bid price is 15,000,000 (fifteen million) euros.
Location
This is a historical property with a 5 km river frontage on the southern bank of the river Tejo in Lisbon. It connects the communities of Sarilhos Pequenos and Gaio Rosario and is part of the Municipality of the city of Moita (pop. 66,000).
As the crow flies the property is 12,5 km from the centre of Lisbon’s waterfront (35min by car) and is strategically placed with several main arterial roads and airports nearby.
The southern bank of Lisbon generally has 220,000 residents within a 20min catchment area (Cushman Wakefield).
Lisbon is the capital of Portugal and has a population of 530,000.
Property Characteristics
Size: 170 hectares (420 acres) It is the largest farm in the district.
Composition
Original Purpose: The southern bank of Lisbon was the “food basket” for Lisbon and the farm was strategically placed with a natural harbour and plentiful fresh water. Salt was widely harvested in this part of the estuary.
Current Purpose: Corn is grown on the agricultural land and Cork is harvested periodically from the Cork Forest. The salt pans are no longer functioning and the Manor House is uninhabited and in a bad state of repair.
Boundary size approx 10km.
Claim to Fame: The farm was once owned by Lord Bucknall, an English shipping magnate.
Project Details
Concept: A 5-star resort with 145 hotel keys, an 18 hole championship links golf course, 60 berth Marina with a Superyacht capacity, Beach Club, Glass Events Pavilion, Manor gardens and 24 Eco Villas are the anchor attractions.
Construction Index: The property allows for the construction of 15,000 square metres.
Projected Investment: 41million euros (excl land).
Planning Details: The Masterplan has been reviewed by the Mayor and he gave a very positive signal in regard to all it’s contents.
Uniqueness
Project Revenue Streams
Eco Villas
Championship Links Golf & Parking
Manor House Gardens
Superyacht Marina & Visitors Parking
Glass Pavilion Events
The Opportunity
The Owning family would like to sell this unique property with it’s projected multiple revenue stream capacity and is interested in receiving offers from serious investors in this regard.
The Deal Detail
The investor can purchase either:
the property.
or
the owning company.
Minimum Offer: 15,000,000 (fifteen million) euros.
Frequently Asked Questions 1
What is the scope, scale and objective of the development?
Scope
Integrated Resort development with 145 key Historic Hotel, Spa, 60 berth Marina, 18 hole Golf Course, 1000sqmt Exhibition and Event Pavilion, Beach Club, 24 Eco Villas and Visitor Gardens.
Scale
15 000 sq metres of allowed build area on a 170-hectare property.
Objective
To provide multiple and sustainable revenue streams that deliver equitable long-term returns to the investor.
Frequently Asked Questions 2
Where can the project be situated, what are its needs in terms of access etc?
Location
All the projected facilities can be located within the site perimeter.
Access
The site is accessed via multiple roads and is within 30 min of an international airport.
The site is also accessible via boat from the river estuary.
Frequently Asked Questions 3
Is the chosen site suitable for the scale and scope of development planned?
Suitable for Scale
The Historical buildings already on-site need to be sustainably preserved. The 15,000 square metres of build area for Hotel and facilities represent only 8,8% of total land area. The 59 hectares available for golf are perfectly adequate to create a Championship course with ample training facilities.
Suitable for Scope
The site’s natural harbour and it’s historical prominence as a Manor House converts rationally to it’s proposed Historic Hotel and Marina core. The extensive agricultural “fan-shaped” land, coupled with its scenic riverside and cork forest views, complement the Historic Hotel’s need for “target client revenue-driven amenities” which are Golf, Spa and Event facilities.
Frequently Asked Questions 4
Is there scope for future expansion of the development?
Scope
There are numerous surrounding land parcels which could accommodate expansion for:
Frequently Asked Questions 5
Are there alternative sites available?
Alternatives
There are NO current sites with these characteristics
available.
Frequently Asked Questions 6
Is there a plan or strategy in existence that would/should guide location and scale?
The Region’s strategic development plan (PDM) calls for a development plan on the site with some of the following characteristics:
Frequently Asked Questions 7
Will the Local Authority/community/others be supportive of the project?
Support
Local Authority
The project has been presented to the Mayor of Moita who gave all the Master Plan details a very warm reception and requested it be formally submitted.
Local Community
It is fair to assume that job creation and tourist attractions would benefit the community and be positively received.
National
Portugal is currently very open to investment and the city of Lisbon is keen to support the development of more tourism attractions.
Frequently Asked Questions 8
If local or sectoral opposition is anticipated how might it be assuaged?
Opposition
Local
The direct job and business opportunities must be clearly communicated and the locals given first preference to compete for these.
Environmental
The project must from the outset, commission a Strategic Environmental Assessment and all design criteria should be done in cooperation with recognized environmental certification as a primary “opening day” objective.
Frequently Asked Questions 9
What is the market/need/demand for the planned developments?
Hotel
Tourism is recording its second year of double-digit growth.
Marina
Marinas on the northern bank have very high occupancy levels and limited capacity to take Superyachts.
Golf
Portugal is a recognized Golf destination with many hotel/golf resort success stories.
Frequently Asked Questions 10
Is the project likely to attract finance; is it an economic proposition?
Finance
Yes, the project is likely to attract finance.
Economic Proposition
The numerous revenue streams qualify this project as an economic proposition.
Frequently Asked Questions 11
What is the competition like?
Resort
There are no Historic Hotel, Marina and Golf resorts in Portugal.
Hotel
There are no 5-star hotels within a 20min radius.
Golf
There are 5 courses within a 30min radius. Their standards are good and help solidify the regions quest to become a “golf destination”. None of the surrounding courses has a “LINKS" design.
Marina
There are only 2 marinas on the southern bank of the Tejo. None have the capacity to host a Superyacht.
Frequently Asked Questions 12
What permissions or licenses are needed for such a development?
Permissions
Licenses
Frequently Asked Questions 13
What key technical expertise is needed to develop the project concept and guide it through to implementation?
EU Directive
Design
Feasibility
Project
Operations
Frequently Asked Questions 14
Is the site in proximity to a designated environmentally sensitive area?
Yes, that is why several entities will be consulted for permission and the project will be developed in conjunction with recognized organizations that will certify the project for its contribution to the environment, the promotion and preservation of natural habitats and the protection of indigenous species.
Frequently Asked Questions 15
Which tourism-related activities will this development appeal to?
Golf
The spectacular nature of the river estuary and it’s surrounding salt pans will attract all golfers.
Spa
The salt caves and silt treatments will be particularly relevant to support the target clientele’s preferences.
Tours
The region’s prolific role in providing supplies to Lisbon and the property’s Manor House are a recognized historic attraction.
Gardens
The extensive and elaborate inner courtyard of the Manor House with its mix of landscaped spaces and works of art will be a “must visit” for garden tours.
Frequently Asked Questions 16
Which tourism-related activities will this development appeal to?
River Cruises
Lisbon will now have a destination on it’s river…..offering a unique harbor with Historic Hotel, visitor gardens, cafes and restaurants, retail and services.
Nature Walks
The wide variety of natural birds including the pink flamingo will attract walking tours.
Culinary
The organic glasshouse restaurant will reflect the region’s agricultural heritage.
Exhibitions Events
The Glass pavilion located within the Manor gardens will host a variety of events that will attract visitors.
Cliff Jacobs (Nat Dpl Hotel Man (UJ). MPRE. GA Level 5 TEFL) Managing Principal / CEO Exquisite Hotel Consultants (Pty) Ltd Mobile: +27 (0) 84 413 1071 / +27 (0) 61 716 6951 Landline: +27 (0) 21 554 0283 Email: cliff@exquisitehotelconsultants.com Skype: cliff.jacobs Web: https://www.exquisitehotelconsultants.com © All rights reserved Terms and Conditions apply Scroll down to view our Hospitality Properties and Businesses for sale or lease or lease-to-buy or partnership arrangement or management agreement arrangement
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Cliff Jacobs (Nat Dpl Hotel Man (UJ). MPRE. GA Level 5 TEFL) Managing Principal / CEO Exquisite Hotel Consultants (Pty) Ltd Mobile: +27 (0) 84 413 1071 / +27 (0) 61 716 6951 Landline: +27 (0) 21 554 0283 Email: cliff@exquisitehotelconsultants.com Skype: cliff.jacobs Web: https://www.exquisitehotelconsultants.com © All rights reserved Terms and Conditions apply Scroll down to view our Hospitality Properties and Businesses for sale or lease or lease-to-buy or partnership arrangement or management agreement arrangement
2020-05-12 05:21
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