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What is the cost of a property with panoramic views and a pre-approved hotel project in Algarve?

Villa in Silves

ref. LG2289
1.200.000€
  • E
  • 3
  • 2
  • 142m2
  • 287.280m2
  • Farm

The cost for this remarkable piece of property in Algarve, featuring breathtaking panoramic views and a pre-approved hotel project, is set at €1,200,000. This extensive 28.7-hectare tract is not only a working fruit farm but also offers an existing application for a hotel development of up to 2,000 square metres, strategically enhancing its investment potential.

Positioned just outside Silves, this property benefits from its elevated hillside location which provides unparalleled views of the surrounding countryside, ideal for attracting tourists seeking an authentic Algarve experience. The potential for a hotel project creates exceptional opportunities for returns on investment, especially in a region famed for its natural beauty and medieval history.

The existing infrastructure includes essential amenities like two boreholes, a well supply for irrigation, and natural lakes to enhance landscaping. This not only eases the operational aspect of any tourism venture but also ensures sustainable farming practices can be integrated. The farmhouse itself boasts three bedrooms and two bathrooms, making it suitable for both personal enjoyment or vacation rentals in addition to the hotel project.

Investing in this property means entering a market with increasing tourism demand in the Algarve region. Close proximity to the beach, golf courses, and local amenities provides an appealing lifestyle for guests. This location is perfect for building a thriving tourism business. To explore this incredible investment opportunity further, reach out today to schedule a viewing!

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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