Excellent plot with a ruin, combining rustic and urban areas, located on the EN 125, near the entrance of Vilamoura

Loulé, Faro, Portugal

For Sale

€1,800,000

REF: 822005 €1,800,000



36910 m2

36910 m2

Description

Excellent plot with a ruin, combining rustic and urban areas, located on the EN 125, near the entrance of Vilamoura. This plot offers the possibility of building a house with up to 300 m2, including a pool area and terraces, upon submission of a project to the municipality for approval. With a total area of 36,910 m2, it is also feasible to request authorization from the municipality and the Directorate General of Agriculture of the Algarve for agrotourism plantation projects and agricultural exploitation.

Certainly, here are some advantages of investing in agrotourism plantation and agricultural exploitation: 1. Revenue Diversification: In addition to generating income through the sale of agricultural products, agricultural exploitation can attract tourists interested in agriculture-related experiences, such as fruit picking, participation in agricultural activities, and tastings of local products.

2. Sustainable Tourism: Agrotourism plantation offers tourists the opportunity to connect with nature and local culture, promoting more sustainable and responsible tourism. This may include guided tours of the property, learning about traditional agricultural practices, and consuming organic and fresh foods produced on the farm.

3. Property Valorization: By developing agricultural and tourism activities, the property can become more attractive to potential buyers or investors, increasing its market value. 4. Environmental Preservation: Agricultural exploitation may include sustainable farming practices, such as efficient water use, integrated pest management, and soil conservation.

This contributes to environmental preservation and promotes a positive image of the property. 5. Integration with the Local Community: Agrotourism plantation can stimulate local economic development, creating job opportunities and partnerships with suppliers and other businesses in the region. This strengthens ties with the community and promotes a collaborative and cooperative environment.

Investing in agrotourism plantation and agricultural exploitation can offer a range of economic, social, and environmental benefits, while providing a unique and enriching experience for tourists. Additionally, the plot already has electricity and a borehole for water supply. Its privileged location offers easy access, close to the N125 and the largest private tourist development in Europe, Vilamoura.

Recognized for its famous Marina and renowned golf courses, which host tournaments such as the Portugal Masters and the Algarve World Cup, Vilamoura also offers white sand beaches and a wide selection of nightlife entertainment, including casinos, restaurants, and nightclubs. 1.Proximity to Vilamoura: Being close to Vilamoura, a renowned tourist destination known for its marina, golf courses, and wide range of entertainment, is a major attraction for potential buyers.

Proximity to these amenities increases the value of the property as an investment opportunity or residence. 2. Accessibility: The location near the EN 125 offers excellent access to main roads, facilitating travel to other areas of the Algarve and the country. This is particularly attractive to buyers looking for a holiday home or investment with easy access to airports and other tourist areas.

3. Developed Infrastructure: The fact that the property already has electricity and a borehole for water supply is a major advantage. This means that buyers can save time and money on basic installations and focus on developing the property according to their needs and interests. 4. Development Potential: The location in an area with growing tourist demand, next to the largest private tourist development in Europe, opens up opportunities for the development of tourist or residential projects.

With approval of a project from the municipal council, buyers can explore the maximum potential of the property. 5. Local Attractions: In addition to being close to Vilamoura, the property is also near white sand beaches and a variety of nightlife options, such as restaurants, nightclubs, and a casino.

These additional attractions increase the appeal of the location for buyers seeking a complete lifestyle experience in the Algarve. In summary, the privileged location of the property offers a unique combination of accessibility, developed infrastructure, development potential, and proximity to tourist attractions, making it highly attractive for sale as a quality real estate investment in the Algarve. For more information, you can contact Alexandra Pereira. #ref: 115415
Excellent plot with a ruin, combining rustic and urban areas, located on the EN 125, near the entrance of Vilamoura. This plot offers the possibility of building a house with up to 300 m2, including a pool area and terraces, upon submission of a project to the municipality for approval. With a total area of 36,910 m2, it is also feasible to request authorization from the municipality and the Directorate General of Agriculture of the Algarve for agrotourism plantation projects and agricultural exploitation.

Certainly, here are some advantages of investing in agrotourism plantation and agricultural exploitation: 1. Revenue Diversification: In addition to generating income through the sale of agricultural products, agricultural exploitation can attract tourists interested in agriculture-related experiences, such as fruit picking, participation in agricultural activities, and tastings of local products.

2. Sustainable Tourism: Agrotourism plantation offers tourists the opportunity to connect with nature and local culture, promoting more sustainable and responsible tourism. This may include guided tours of the property, learning about traditional agricultural practices, and consuming organic and fresh foods produced on the farm.

3. Property Valorization: By developing agricultural and tourism activities, the property can become more attractive to potential buyers or investors, increasing its market value. 4. Environmental Preservation: Agricultural exploitation may include sustainable farming practices, such as efficient water use, integrated pest management, and soil conservation.

This contributes to environmental preservation and promotes a positive image of the property. 5. Integration with the Local Community: Agrotourism plantation can stimulate local economic development, creating job opportunities and partnerships with suppliers and other businesses in the region. This strengthens ties with the community and promotes a collaborative and cooperative environment.

Investing in agrotourism plantation and agricultural exploitation can offer a range of economic, social, and environmental benefits, while providing a unique and enriching experience for tourists. Additionally, the plot already has electricity and a borehole for water supply. Its privileged location offers easy access, close to the N125 and the largest private tourist development in Europe, Vilamoura.

Recognized for its famous Marina and renowned golf courses, which host tournaments such as the Portugal Masters and the Algarve World Cup, Vilamoura also offers white sand beaches and a wide selection of nightlife entertainment, including casinos, restaurants, and nightclubs. 1.Proximity to Vilamoura: Being close to Vilamoura, a renowned tourist destination known for its marina, golf courses, and wide range of entertainment, is a major attraction for potential buyers.

Proximity to these amenities increases the value of the property as an investment opportunity or residence. 2. Accessibility: The location near the EN 125 offers excellent access to main roads, facilitating travel to other areas of the Algarve and the country. This is particularly attractive to buyers looking for a holiday home or investment with easy access to airports and other tourist areas.

3. Developed Infrastructure: The fact that the property already has electricity and a borehole for water supply is a major advantage. This means that buyers can save time and money on basic installations and focus on developing the property according to their needs and interests. 4. Development Potential: The location in an area with growing tourist demand, next to the largest private tourist development in Europe, opens up opportunities for the development of tourist or residential projects.

With approval of a project from the municipal council, buyers can explore the maximum potential of the property. 5. Local Attractions: In addition to being close to Vilamoura, the property is also near white sand beaches and a variety of nightlife options, such as restaurants, nightclubs, and a casino.

These additional attractions increase the appeal of the location for buyers seeking a complete lifestyle experience in the Algarve. In summary, the privileged location of the property offers a unique combination of accessibility, developed infrastructure, development potential, and proximity to tourist attractions, making it highly attractive for sale as a quality real estate investment in the Algarve. For more information, you can contact Alexandra Pereira. #ref: 115415
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Property on Map

#115415

Currency Exchange

Loulé, Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,800,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,800,000 £1,531,242 £1,575,774 £44,532
Property Price € €1,800,000
Minimum cost in the last six months £1,531,242
Maximum cost in the last six months £1,575,774
Fluctuating exchange rates over the last six months could have increased the cost of this property by £44,532

Loulé, Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,800,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,800,000 £1,531,242 £1,575,774 £44,532
Property Price € €1,800,000
Minimum cost in the last six months £1,531,242
Maximum cost in the last six months £1,575,774
Fluctuating exchange rates over the last six months could have increased the cost of this property by £44,532

The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £44,532 more.

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