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What is the investment potential of a fruit farm with hotel project approval in the Algarve?

Villa in Silves

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

Investors will find significant potential in this remarkable fruit farm located near Silves, with a price tag of €1,200,000. The estate covers an impressive 28.7ha and has a pre-approved project that allows for the construction of a hotel up to 2000m², making it an interesting prospect for those looking to capitalise on rural tourism in the Algarve. With the existing fruit farm featuring 12,000 medronho trees, not only does the estate provide agricultural income, but it also benefits from stunning panoramic views that can attract tourists. The property offers a sustainable water supply through boreholes and an autodrip irrigation system, ensuring that maintenance and nurturing of the orchards are economically viable. With proximity to Silves and just 17km from the beach, investors can leverage the region's growing tourism appeal while enjoying a serene lifestyle. Additionally, the area is rich with potential for outdoor activities, combining farm life with unique leisure opportunities. It’s an attractive proposition for both personal enjoyment and commercial gain. Contact us to discuss this unique investment opportunity further.

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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