Description
The property is an estate with 80 hectares and features a ruin that covers an area of 360m2, located near the Funcho reservoir. It is endowed with several advantages, including landscape, topography, endogenous resources such as abundant water and pine trees, and a tranquil environment. Additionally, it has a chapel, which is considered a World Heritage Site.
The property is located in an excellent spot, just 15 minutes away from Albufeira's beaches and 45 minutes from the airport. It is also near the train station and the national road, providing easy access to highways leading to Lisbon and Faro. Around half of the estate has been converted into urban property, allowing for the development of commercial and tourist areas, which makes it ideal for real estate and tourism development.
The Silves Municipal Council has granted the property a PIP (preliminary information request) with a favorable opinion for the construction of a standalone hotel establishment with an aparthotel typology. It can have a maximum of two floors and should be associated with nature tourism, especially a farm that produces typical regional products.
The urban proposal will be implemented in a single area, occupying less than 10% of the total property area, which is 7.6 hectares. The land area of the property is 80.3 hectares. The project includes a main building, a pool, a chapel, a terrace, bungalows, recreational and leisure areas, and native shrubland green areas.
The property has a chapel that is considered a World Heritage Site and is surrounded by the Funcho Reservoir, countryside, and pine trees, making it an excellent location for eco-businesses and projects related to rural tourism. A preliminary information request is currently underway for the establishment of an isolated hotel establishment.
It is an exceptional project and a great investment opportunity. The energy rating of the property is exempt.
We have a vast portfolio of clients and partnerships, offering various excellent investment options throughout the Algarve.
Energy Rating: Exempt
