Land for Sale in Portimao

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€5,000,000 EUR

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Ref 2179052 | Portugal, Faro | Land

Currency services provided by PureFX 5,000,000 EUR  |  Approx.£4,305,500 GBP  |  Approx. US$5,351,000 USD
Portugal, Portimao, Faro
  • Type: Land
  • Location: Portimao
  • Province: Faro
  • Country: Portugal
  • Bedrooms: 0
  • Bathrooms: 1

This project  is a 352 hectares (870 acres) private estate just 36 km north of the Algarve. The land is south facing and has a lake frontage of 7.2km (4.5 miles). On the highest point, there is an imposing Manor House extending to 2000m2 (21,400 sq. ft.), which is currently under reconstruction using local stone and materials with hand made roof tiles. It has ten bedroom suites and will make a splendid private residence or small ‘rural’ hotel. The owner of the Property has obtained planning permission for the estate to become a sports, health and fitness resort to include a spa hotel, a second hotel with a championship golf course, tennis centre, and sailing school, together with high quality real estate. The design of the master plan has similar characteristics to Quinta do Lago in the Algarve. Future development potential Planning approved for two hotels (150 and 125 rooms respectively) plus high quality real estate. Including the Manor House the total area of approved construction is 161,596m2 as set out in the five separate development areas. About Alentejo The Alentejo is situated in the south of Portugal, between the River Tagus (Tejo) and the Algarve. To the east, its frontier is with Spain and to the west it is bathed by the Atlantic Ocean. It is an extensive region, essentially rural and thinly populated, occupying a third of the whole of continental Portugal. The beauty of its landscapes and the quality of its archaeological, monumental, architectural and ethnographic heritage and, par excellence, its gastronomy and wines, provide it with exceptional legacies to be discovered through nature tourism and cultural tourism.  Discover the richest gastronomic traditions of the Alentejo in the fantastic typical restaurants of the region or in the fair offered by new chefs who interpret the local flavours in a most unique way, and create a more sophisticated cuisine d’auteur. Olive oil, aromatic herbs, cheeses, meats and wine – these flavours are experiences you will not want to miss. Go into the local shops where you can taste and buy a variety of high quality products, like local liqueurs, jam, sweetmeats, cheeses, biscuits, enchidos (smoked sausages) or honey. Marked by its nature and heritage, the vast landscape, the fabulous Atlantic beaches, the traditions and the pleasure of welcoming visitors, the Alentejo offers history, adventure and unforgettable experiences to all of its visitors. Almost three thousand hours of sunlight a year to enjoy, without limits. Always. Ref. #69 Print property page

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