Excellent property for future tourism investment.

  • €1,750,000
Featured For Sale
Silves, Faro (Algarve), Portugal
  • Houses/Villas
  • Property Type
  • 6
  • Bedrooms
  • 6
  • Bathrooms
  • 2
  • Garages
  • 600
  • 2008
  • Year Built
Featured For Sale
Silves, Faro (Algarve), Portugal
  • €1,750,000

Overview

Property ID: 27048
  • Houses/Villas
  • Property Type
  • 6
  • Bedrooms
  • 6
  • Bathrooms
  • 2
  • Garages
  • 600
  • 2008
  • Year Built

Description

This property enjoys magnificent 360 ° views, especially over the entire coastline with the sea as a backdrop, as located on the highest point of a hill.

With 5-minute access from the train station and the motorway, this property is located in the heart of the Algarve, 10 minutes from Albufeira and its beaches, the Alcantarilha and Salgados golf course by the sea and 25 minutes from the international Airport. from Faro.

This 5 hectare property (52’960 m2) has built an excellent villa of approx. 600m2, a small independent cabin, a 12m x 7m pool and Jacuzzi, enclosed by stone walls, automatic entrance gate, TV-video security, alarm with guard.

At the entrance, a large orchard planted with fruit trees and ornamental flowers, 80,000 litres water tank used to water the gardens through an automated system.

An alley of ancient olive and oleander trees leads to the house. A well (- 250m) provides water for the two cisterns, one at the entrance and one near the house that is used for domestic water. The house is also connected to the Albufeira water network.

The house itself with an area of ​​approx. 600 m2 and basement of 200 m2 consists of:

On the ground floor:

Entrance hall, guest toilet, double bedroom with dressing room and private bathroom, large cloakroom giving access to the basement.

The living room with fireplace and the dining room with barbecue, (about 100m2) are bordered by stone vaults and pillars.

The kitchen offers direct access to the outdoor terraces as well as the dining room, while the office has its own outside access.

Outside the kitchen, a large patio with its two large stone arches, allows you to enjoy a wide view while protecting yourself from the sun during meals or relaxing moments.

On the 1st floor we have 3 very comfortable en suite bedrooms, two covered terraces and one not covered facing the sea.

In the basement: 5 car garage, relaxing sauna, washbasin, shower, central heating technical room and solar panel water heating, a large living room that can be used as a pool room or a vaulted cellar.

Near the house is the 17m x 7m swimming pool with its Jacuzzi surrounded by a flower garden and over 300 oleanders.

A few meters from the main house, a small cottage was built which consists of a large common room with fireplace, large kitchen, 2 bedrooms, 1 bathroom, large covered patio and garden, and yet another separate bedroom with house. bathroom, and double garage.

Technical details:

All window and door frames are made of solid stone.

Exterior doors and windows are oak (interior) and double-glazed aluminum (exterior).

Interior doors and changing rooms are made of French cherry wood.

Oil central heating has two functions:

  • Whole house heating with low temperature water circuit
  • Heating radiators in bathrooms and basement at high temperatures.
  • Very precise thermostat adjustment by part heating.
  • Bleach is produced by Swiss solar panels.

The alarm is selective and allows to isolate the 1st floor from the ground and is connected to security company.

The Grundfos bomb at -250m. delivers over 4m3 hours and feeds both tanks automatically (one for watering and one for domestic water)

For security, the house is connected to the water network of Albufeira in case of need.

As a future investment for tourism development:

This property also has a license for the construction of a charming hotel **** with 15 villas of 150m2 each, which would represent a total of 60 beds, each villa comprising:

Ground floor: Hall, kitchen, bathroom, living / dining room, bedroom

1st floor: 2 bedrooms, changing rooms, bathroom and large terrace.

100m2 reception building with 2 floors.

Approved architectural design can be modified to the buyer’s option.

(Estimated budget for construction of the entire project, approximately 1,500,000 Euros.)

In fairly conservative terms an average profitability can be calculated considering only a 180-day occupancy from April to October.

Example:

Euros 150. – per night / house (night / house = 4 people) is equivalent to gross income of 27,000 euros per unit, which is equivalent to gross income in at least 6 months for the 15 units of 405,000 euros.

We believe it is an excellent investment opportunity that will be worth visiting this property.

  • Address Algoz e Tunes, Silves, Faro, Algarve, Portugal
  • City Silves
  • State/county Label Faro (Algarve)
  • Zip/Postal Code 8365
  • Area Algoz
  • Country Portugal

Details

  • Property ID: 27048
  • Price: €1,750,000
  • roperty Size: 600 m²
  • Land Area: 59500 m²
  • Bedrooms: 6
  • Bathrooms: 6
  • Garages: 2
  • Year Built: 2008
  • Property Type: Houses/Villas
  • Property Business: For Sale

Contact Information

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