LandPortimao (Portugal)

Price :

$696,600

USD

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

Surface287,750 m²

Plot of land with 29 ha and a ruin with 200 sqm of gross construction area, located in Sítio das Ventosas, Portimão, Algarve. This property features two lagoons, one measuring 3,500 sqm intended for agricultural use, and another adjacent to the ruin, with an area of 1,200 sqm. Additionally, the property has a license for drilling a water well.The land offers various possibilities for use; one option is to restore the ruin and transform it into a residential property, providing the opportunity to create a charming house with beautiful views of the landscape and a private lagoon. Another alternative is to divide the land into four plots. Plot one, with an area of 15.75 hectares, would allow for the construction of a residential property of 500 sqm or a rural tourism property of 2,000 sqm. Plot two, with 7.18 hectares, could see the ruin restored for residential use or expanded to 600 sqm for tourism purposes. Plots three and four, with areas of 2.40 hectares and 2.54 hectares respectively, are intended for agricultural projects, and an additional option would be to use the property as a residential property with an agricultural project.Currently, there is an approved project for cultivating 4,318 carob trees on an area of 20.7 hectares. This project includes an automated drip irrigation system, a photovoltaic system for energy, a 5 km perimeter fence, and financial support from the IFAP (Institute for Financing of Agriculture and Fisheries).The property is located a 11-minute drive from ULS Algarve - Hospital de Portimão, 17 minutes from Autódromo Internacional do Algarve, and 45 minutes from Faro International Airport. It is also 2h25 from Lisbon Airport and 2h30 from Sevilla Airport. Energy Rating: Exempt #ref:81554