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What is the investment potential of agricultural land in Ourique?

Plot in Ourique

ref. AT2086
700.000€ 548.000€
  • NA
  • 558.000m2
  • Building Plot

The investment potential of this agricultural land in Ourique is significant. With a large plot size of 558,000m², this property boasts fertile land featuring beautiful holm oaks and is suitable for diverse agricultural opportunities. There are two wells on the property providing abundant water supply, essential for agricultural or agro-tourism projects, making it a prime investment. The local council permits the construction of residential buildings of up to 1,000m² under agricultural use or tourism projects. The land's proximity to the town of Ourique ensures access to necessary amenities such as shops and restaurants, enhancing its attractiveness for buyers. Ideal for those looking to establish a country home or an agro-tourism venture, the potential return on investment is promising. The easy access via a tarmac road simplifies connections to larger cities and the beautiful Algarve beaches. With a competitive price of €548,000, this is an opportunity not to be missed. If you're considering investing in agricultural land, this property stands out as a choice with ample options for future development. Contact us today to learn more about this exceptional investment opportunity!

Usage
Residential
Type
Plot
Town
Ourique
Parish
Ourique
Municipality
Ourique, Beja
Region
Alentejo (Central)
Plot Area
558.000 m²
Tarmac, Manual Entrance Gate
Mains electric, 2 Wells
Countryside View, Panoramic View
Building Plots
• Plot size 558000m²
• Many holm oaks and fertile land
• Water from two wells
• Easy access on a tarmac road
• Electricity and phone lines very close by so will be easy to connect
• The price includes the plot but not the construction of the building
• 65km to the beach at Vila Nova de Milfontes

This beautiful plot of land in the lower Alentejo is divided into two parts by the road giving the possibility to make two separate plots. Because the land is larger than 5ha the town hall has said that a house could be built if the property was being used for some type of agriculture, keeping sheep or planting produce for example. It is likely also that permission could be obtained to do an agro-tourism project.

There is a well with abundant water on the 11ha part of the plot and another well which gives enough water for a household on the larger plot.

If a new owner wished to separate the two plots, then the possibility is that a house could be built on each one. This must be verified with the town hall.

The town of Ourique is close by and has restaurants, cafés, shops, supermarkets, banks, post office, church, school, etc.

After consultation with the official entities ( Câmara Municipal de Ourique) a house for owner’s habitation, subject to the registration as agriculture, can go up to 500 m2 and additionally 500 m2 for support buildings. After PDM revision additionally 1000 m2 can be built for Tourism.

Amenities

• Wells

Location

4km to Ourique with all amenities
65km to the beach at Vila Nova de Milfontes
190km to Lisbon
100km to Faro airport
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