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How to invest in a large plot with pre-approved hotel project near Silves?

Villa in Silves

ref. LG2289
1.121.669CHF
  • E
  • 3
  • 2
  • 142m2
  • 287.280m2
  • Farm

Investing in a large plot with a pre-approved hotel project near Silves is straightforward with this incredible property, which covers 28.7 hectares. Available for €1,200,000, this hillside farmhouse currently hosts a three-bedroom, two-bathroom arrangement and features a pre-approved project for a hotel of up to 2,000 square meters. This means buyers can start construction immediately, making it ideal for those looking to undertake a successful rural tourism venture. The land is versatile, perfect for buyers wanting to cultivate fruit, as it features numerous medronho trees and two natural lakes for irrigation. The current house provides accommodation while the new hotel project is developed, giving investors a steady income stream. Plus, the property’s stunning 360-degree views enhance its appeal for potential guests. Located just 17 km from the beach and near charming Silves, the area is rich in historical significance, boosting its attractiveness to tourists. This land has an excellent ROI potential, particularly with the increasing popularity of rural escapes in Portugal. Join the thriving hospitality market in Algarve by investing in this prime property. Reach out to us for more information!

Usage
Residential
Type
Villa
Town
Silves
Parish
Silves
Municipality
Silves, Faro
Region
Algarve (West)
Construction Year
1951
Rooms
4
Bedrooms
3
Bathrooms
2
Floors
1
Living Area
142 m²
Usable area
188 m²
Plot Area
287.280 m²
Country Road
Carport, Parking outdoors
Lounge/Dining
Fully Fitted, Rustic
Storage
1 Family Bathroom, 1 En-Suite
Internet/Phone
Mains electric, Septic tank, Gas Bottle, well, 2 Boreholes
Single Glazing
Auto irrigation, Landscaped, Natural
2 Lakes, River, Water tank, Orchard
Countryside View, Panoramic View
• 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
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