Oceanville |
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26930 |
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It's been over ten years now. It won't be long before it is beyond saving.
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Albufeira Resident
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Bunnyrunner
Regular Joined: 19/May/2021 Status: Offline Points: 157 |
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Despite trying, I did contact these agents as soon as the signs went up, I have been unable to find out if it is still owned by the bank or has been sold to developers. Either way it would be a logical approach to spend a little money on the 25 or so Villas to ready them for sale, when sold they will recoup the largest sale proceeds, presumably around €20m. This could then be used to remediate the hotel and apartment complex, in order to sell them.
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"You wake up a winner only you can make yourself a loser"- Declan Murphy
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26930 |
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A company has bought up some of the villas but doesn't seem to have sold any yet. Hardly surprising, given the state of the area as a whole.
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Albufeira Resident
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Skiddy
Newbie Joined: 14/April/2021 Location: Male Status: Offline Points: 33 |
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We were up at 'oceanville today, walking past the newly painted townhouses, there was a couple inside one of them signing some paperwork & the sign that said for sale in English as been pulled up and laid to the side ,I think the one next door has also been sold there's an intercom outside & a cctv camera up high on the wall..we were also looking at one of the apartments in block (A) at the end near reception,which looks newly painted,someone must have be in there because the curtains opened half way & then closed again,really creepy, wondering why so many of the shutters are half pulled up & the rest closed.
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26930 |
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There is an on site security presence, I think that single apartment is for that. Some of the apartments were very briefly used ten years or so ago before the site was closed down, which may explain some of the strange sights.
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Albufeira Resident
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26930 |
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Albufeira Resident
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animallover
Regular Joined: 03/September/2008 Location: United Kingdom Status: Offline Points: 178 |
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Extremely sad situation. You'd think something, anything, to get this property habitable!
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animallover
Regular Joined: 03/September/2008 Location: United Kingdom Status: Offline Points: 178 |
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Meant to say would get done...
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26930 |
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Apparently yours for €1 if you have a few million to rehabilitate it. Rumours about its purchase come and go fairly often but nothing changes on the ground.
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Albufeira Resident
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cubsur
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Albufeira Resident
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cubsur
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Albufeira Resident
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PateoSteve
Newbie Joined: 14/May/2022 Location: Pateo Status: Offline Points: 17 |
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Hi Cabsur, thanks for the update and so hope your right about the site being sold but maybe just the council forcing owners to clean up. We will be out in Pateo from tomorrow for a month so don't know if you ever have a drink at Nunos. If so would be please to meet you and thank you for all the work you do maintaining this forum and buy you a beer..
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JuliejH
Regular Joined: 16/June/2020 Location: Newport Status: Offline Points: 237 |
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It’s a sad sight, we pass it to get to our place and it would be great if it was sold , fingers crossed
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26930 |
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Albufeira Resident
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26930 |
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Albufeira Resident
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