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What is the cost to buy a large estate for a tourist resort in Alentejo?

Country Estate in Mértola

ref. AT2170
4.708.428$
  • NA
  • 18
  • 18
  • 1.986m2
  • 82.033m2
  • Farm
  • Palace

The cost to buy this remarkable large estate for a tourist resort in Alentejo is €4,000,000. This investment secures a massive estate strategically located near Mértola, with a comprehensive approved architectural plan for a dedicated tourist destination. Covering a generous 1,986m² of living space and set on an expansive plot of 82,033m², the property offers incredible potential for development.

The estate already features a partially renovated main house from the 1920s, which forms the heart of your future resort. Additionally, there are multiple outbuildings that can be customised to provide guest accommodations, dining areas, and leisure facilities—all designed to attract a variety of visitors to the region. This prime location combines the serenity of the countryside with easy access to nearby towns for additional services.

Given the rise in rural tourism within Alentejo, this estate is perfectly positioned to cater to the growing number of tourists seeking unique, immersive experiences. The approved project allows for the creation of a hotel with up to 25 suites, further enhancing your investment's appeal. Additionally, with local attractions such as river beaches and natural reserves, this location is ideal for holidaymakers.

Purchasing this property means not just owning a beautiful estate but also investing in a lucrative hospitality venture. Don't hesitate—explore the opportunities this estate has to offer and reach out with any questions or to arrange a viewing today!

Usage
Commercial
Type
Country Estate
Town
Mértola
Parish
Alcaria Ruiva
Municipality
Mértola, Beja
Region
Alentejo (East)
Rooms
30
Bedrooms
18
Bathrooms
18
Floors
1
Furnished
Negotiable
Living Area
1.986 m²
Surface area
1.986 m²
Plot Area
82.033 m²
Tarmac, Easy Access
Private Parking
Storage, Laundry, Pantry, Office/Study, Wine Cellar
Solar (Water)
Borehole, Septic tank
Saltwater
Landscaped, Natural, Fenced, Trees
Courtyard, Paddock, Pond
Countryside View
Palace, Farm
● Pure living area: 1.986m²
● Construction area: 1986m²
● Fenced plot: 82.033m²
● Rooms in total: 30
● Storage rooms, cellars, wine cellar, shop, service rooms
● Main house, buildings in U shape surrounding a large courtyard, chapel, 3 outbuildings
● Approved Renovation & Investment Project
● The price includes the property and the approved project but not the construction costs
● Year of Construction: Before 1951 and ongoing
● Business for Sale Project

This extraordinary huge country property is easily accessed by a tarmac country road near the town of Mértola in the Alentejo. The gates lead to a parking space for approx. 50 cars. The approved renovation & investment project offers a Boutique Resort with Hotel, SPA & Wine Bar in a rural area with sustainable aspects. The current situation shows a palatial house from the early 20th century, a wine bar & shop with storage rooms, further accommodation and service areas, a chapel, pool, and terraces, several outbuildings all in need of renovation. At the moment only a small part of the main house and the wine bar are renovated. The approved project can be presented with all dimensions, 3D photos and possibilities.

This would be an attractive proposition for both private and business investors including large hotel and resort groups. Further Possibilities: Events – Retreats – Weddings – Festivals – Horse riding - Luxury SPA experience, Agricultural Farm, Restaurant and Wine Tasting with Shop.

The huge main house is divided into three floors:
● First floor, ground floor and basement which is currently a wine tasting bar and shop
● All other buildings are on one floor

Amenities

● Wine bar offering wine tasting plus souvenir shop up and running
● Cellar for wine and shop & storage rooms
● 2 boreholes, cistern, not yet water from the mains, but in process
● Water collection for the cistern
● Mains electricity in process of being installed
● Solar panels for two of the boreholes
● A drip irrigation system covering all garden areas
● Pool in need of renovation
● Main house which is partly renovated plus a project for hotel suites and an owner’s apartment. The project includes 18 superior quality accommodations, 450m² covered service centre, chapel with Portuguese tiles, further outbuildings
● Beautiful relaxing outdoor places and terraces, garden, trees and water features
● Ideal for animals
● Ideal for rural tourism with accommodation, restaurant and wine & tasting bar

Location

● 3km to next village with restaurants
● 29km to Mértola/ 25km to Beja with all amenities
● 145km to Faro airport
● 197km to Lisbon airport
● 33km to Praia Fluvial da Ribeira de Carreias, Mértola (River Beach)

Other Info

Business partially operational.
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