HouseS.Teotónio (Portugal)

Price :

$3,962,800

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

Surface454 m²bedrooms4 bathrooms3

We present here a beautiful estate on the famous Alentejo coast.This 80-hectare estate is divided into a residential area and an area for rural tourism (AL). The latter has enormous potential for expansion and construction of a Hotel in Rural Areas, as well as a eucalyptus plantation whose maintenance and operation has been entrusted to a specialized company for the next 19 years.Regarding the built-up areas we find: The house in AL (Local accommodation) consisting of: 3 large suites, living room with wood-burning stove and kitchen; Air conditioning and heating; House of 200m2 of which 100m2 are fully recovered and inhabited by the owner; Another 100m2 that are being used as storage, however they can be rehabilitated for another house in AL or to increase to 100m2 (already recovered), thus making a single house with 200m2, in case that is the option; We also find a ruin with an area of 214m2 (with the possibility of being increased), where once again, after rehabilitation it can be turned into 7 suites; Current profitability: AL (house with 3 suites) generates an annual return of €30,000; The exploitation and maintenance of eucalyptus groves generates an annual income of €12,000.Once the ruin is rehabilitated for tourism purposes or once it's been applied to the municipality hall for a further 1000sqm2, it can become a new rural Hotel. The revenue/ROI will be very high.The entire property is surrounded by a garden. The pool area is surrounded by a lawn and sun loungers.We especially like this beautiful estate since it is ideal for developing a larger Hotel project in rural areas. Here you can enjoy the countryside's peace and the sea, as well as the beach of Zambujeira do mar and Praia do Alteirinho, which are just 4km from the property.