Asking price: £850,000

Sales revenue: Undisclosed

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
A 6ha site with full planning permission for a 9 hole par 3 golf course with clubhouse, 4 one bedroom apartments and an 18 hole putting/adventure golf course.

Property: Freehold

Living accomodation
The clubhouse includes a caretaker's living accommodation.

Location
The project is very well located being only approximately 1.7 kms north of the N125 main Algave road. It is just west of Tavira in the rapidly expanding golfing region of the Eastern Algarve.

Expansion potential
Once completed this course, and it's additions, has the potential to attract both the general tourist market, more particularly in the summer months, as well as the seasoned players visiting more during the winter months.The clubhouse includes a restaurant and bar which as well as attracting non golfing customers has the advantage of a 'captive audience'.

Competition / Market
Currently there are no par 3 tourist courses in this part of the Eastern Algarve. One of the busiest courses in the Algarve is a 9 hole par 3 course in the Central Algarve.

Financing available
Substantial EEC grant assistance is available making this a very viable project. Details can be supplied upon request.