Land for sale
Silves, Algarve, Portugal
£3,436,721 *
[€4,000,000]
Full Description
Located in the heart of the Algarve, this property benefits from a peaceful rural setting while remaining within easy reach of the regions main towns, beaches and amenities. The area is well connected to Albufeira, Silves and the Algarve coast, with convenient access to the main road network and Faro International Airport, making it attractive for both tourism and long-term investment.
The property comprises 111,000 m² of land, combining an approved rural hotel project with an established agricultural operation producing citrus and Hass avocados.
The property benefits from approved planning for the development of a rural hotel, comprising 50 accommodation units, a swimming pool, outdoor areas and private parking. There is also approved planning for an additional semi-detached residential property.
The existing main building is partially occupied, with apartments currently rented on long-term contracts, providing an established rental income stream.
The property also includes extensive productive agricultural land, with established citrus and avocado orchards, irrigation and operational infrastructure. The agricultural operation is leased under a long-term contract, providing an additional independent income stream alongside the tourism potential.
A rare opportunity combining approved tourism development, existing rental income and established agricultural production, in a well-connected and attractive location in the Algarve. - REF: KP1380
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