Commercial Property for Sale in Silves

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€2,000,000 EUR

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Ref 2107944 | Silves, Faro | Business

Currency services provided by International Currency Exchange (IFX) 2,000,000 EUR  |  Approx.£1,722,200 GBP  |  Approx. US$2,140,400 USD
  • Type: Commercial Property
  • Location: Silves
  • Province: Faro
  • Country: Portugal
  • Bedrooms: 0
  • Bathrooms: 0

FUNCHO VILLAGE Funcho Village its a very old village dating back several centuries where the inhabitants lived a very simple, but extremely productive lifestyle with the growing of Olive Trees, Cork Oak Trees all for personal use and export. Medronho the local fruit berry was used to make a very strong drink, as today it is still produced the same way by a slow distillery process. This with Herds of Goats, Pigs, Donkeys and other animals the people had an idyllic life. The Village was last occupied in 1974 when the valley was dammed for water storage, with Portuguese people finding new found freedom after the overthrowing of the Dictator Salazar in 1974, younger people no longer wanted to work the land as their ancestors did so hence the village was vacated. The Lake, now surrounding the Village due to the flooding of the valley and the rolling hills, still produce some of best unspoilt flora and fauna in the Algarve. Just a short while ago The National Government of Portugal approved the revitalization of Funcho Village, giving permission for a Hotel, Log cabins and a full range of support project Restaurants, Water Sports facilities, Dry Ski Slope, Observatory etc, all subject to Project Approval. The local Camara at Silves is also very eager for a project of this type to go ahead, reviving old traditions and skills to this and giving local people employment and the chance to see this old village brought back to life. 9.800 m2. plot with 3.000 m2 of construction area. Total area approx------------------10 hectares Urban area--------------------------300m2 Faro Airport------------------------30 mins Silves historical town--------------30mins

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