Farm With 45 Hectares In Silves, Algarve

Property Description

Extensive land and habitable property with serious business potential for right investor. Situated five minutes from the centre of Silves, central Algarve this charming farm in need of love offers 45 hectares with 1600m2 of urban area. The property currently comes inclusive with authorization for a vineyard and has previously been authorized for construction of a bed and breakfast, golf course and camp site.
The farm has an agricultural area of 44700 m2 with 12 hectares previously used for the successful production of citrus and prunoideous fruits. Currently the farm produces a fair amount of eucalyptus offering a small profit with potential to expand. It also consists of two dams that naturally supply water to the farm without the need of motorization. The urban area is around 1600 m2, it includes a conjoint 20-year-old 55 m2 two-bedroom property and a one-bedroom property of 54 m2 both in need of updating however both entirely habitable. Furthermore, the land includes 2 storerooms, 1 warehouse of 300 m2 in construction, with a house and another warehouse in ruins.
Algarve is one of the most popular destinations in Europe, with almost 10 million people visiting the Algarve annually for its picturesque beaches and Mediterranean temperatures. For many years now it has been a hotspot for British migrants searching for a life of tranquillity, sunshine and low living costs.
Located at 2km from Silves, 14km from the beach, 20km from Portimão and 30km from Albufeira

Attributes:
Urban area: +/- 1600 m2
Covered Area: +/- 600 m2
Area of land: 447000 m2