Investing in this remarkable property near Silves is now easier with its pre-approved project for a hotel, spanning up to 2000m², which promises an excellent return on investment. At a competitive price of €1,200,000, you could develop this large 28.7-hectare estate into a thriving rural tourism location. Currently featuring a 3-bedroom farmhouse, buyers can either renovate the existing structure or leverage the approved plans for a new hotel project, catering to the growing demand for boutique accommodation in the Algarve. The property includes a supply of water through boreholes and natural lakes, ideal for landscaping and maintaining the surrounding gardens and orchards. Positioned in a picturesque region with spectacular panoramic views, this location is nearby to golf courses and just a short drive from beautiful beaches. This property not only enhances your portfolio but also offers an exciting business opportunity in one of Portugal’s most desirable regions. Don't hesitate—reach out to learn more about how you can make this investment a reality!
• 3 Bedrooms, 2 Bathrooms
• Living area 142m², Construction area 188m²
• Total Plot area 287,280m²
• Applied Project for hotel up to 2000m²
• 12.000 Medronho trees
• Close to Silves
• 360º country views
• Distance from beach 17km
Located within the rolling hills of the Serra de Silves, close to the medieval town of Silves - you will find this impressive estate. The big plot has the pre-approval for a project in Rural Tourism which would replace the current house, if desired to a construction area of up to 2,000m². The summit of the estate offers 360º panoramic views. The plot has its own water supply and irrigation system featuring several terraces, medronho, pine and other fruit trees which will be ideal for agricultural or rural tourism.
House for Renovation
• 3 bedrooms, 2 bathrooms
• Pre-51 habitable country house
• Pre-approved project for hotel to replace the house with allowed 2000m²
• Next to Serra de Silves Natural Park
• Fenced garden
Exterior:
• Two natural lakes that supply water for the orchards
• River that supplies water for the garden and trees
• 12.000 medronho trees
• Carport and gravelled drive with spaces for several cars
• Pre-approval for a pool and a natural swimming lake
Amenities
• 2 boreholes and a well
• Autodrip irrigation system with 32km of pipes and own water supply
• Septic tank
• Mains electricity
• Possible to connect to mains water
Location
Location
• 17km to the nearest beach
• 9km to golf
• 2.8km to nearest school
• 63km to Faro Airport
