Farmhouse for sale
Aljezur, Algarve, Portugal
£1,285,457 *
[€1,500,000]
Full Description
Spectacular land in Aljezur with 23.55 ha, that is mostly occupied by arbutus berry and cork oaks, with approved permission for the reconstruction and extension of the existing building up to 213 m2 and a project allocating it to tourism development, in the form of country houses, for two houses with 2 bedrooms each with 142m2 and 71 m2 respectively.
The land allows for construction of up to 500 square meters. Plans for the extensions have already been drawn up and will be submitted to the City Council before the end of the year.
The extensions will be as follows:
Second phase: 1X T2 of 64.8 square meters, 1X T1 of 39 square meters, bathroom for the common area
Third phase: 4X 1-bedroom apartments of 39 square meters, bathroom with shower for the common area
Fourth phase: 23 square meter swimming pool
The project was specifically designed to access Portugal´s Tourism "Line of public grant" subsidy, which covers 80% of the construction investment. The application for the subsidy is currently underway.
It is located within the ecological reserve of Aljezur, 5 km from the most famous beaches of the Costa Vicentina, which are very popular with surfers and nature lovers.
The architecture of the project allows for a perfect symbiosis of the buildings with their surroundings, making this property a space with unique characteristics.
Therefore offers the opportunity to create an environmentally and socially sustainable nature tourism offer that meets the needs of this market segment.
An excellent investment.
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