3 Bed Farmhouse + Pool 2 Bed Cottage, Ruin

Portimao, Algarve
€398,000

Summary

  • Farm House
  • Bedrooms: 5
  • Bathrooms: 4
  • Reception rooms: 3
  • Property size: 350 sqm
  • Land size: 21 Hectares
  • Year built: 1990

Details

FOR SALE BY OWNER - A FANTASTIC COUNTRY PROPERTY (3 HOUSES) SET IN A LAND AREA OF 21 HECTARES, 210,000m2, APPROX 51 ACRES)., 2 LAKES AND SEVERAL TREE TYPES PROVIDE FOR AN EXCITING OFF ROAD EXPERIENCE OR JUST WONDERFUL WALKS, WILDLIFE & BIRDWATCHING ACTIVITIES,

SITUATED, WITHIN 5 MINUTES DRIVE (OR 15 MINUTE COUNTRYSIDE WALK) OF "AUTODROME INTERNATONAL DO ALGARVE". FIA ACCREDITED RACETRACK. ONE OF THE MOST MODERN EUROPEAN CIRCUITS (WITHIN MINUTES OF DIRECT ACCESS FROM A22 MOTORWAY AT EXIT 5.

THE RACETRACK WILL BE STAGING A FORMULA 1 EVENT ON 25 OCTOBER, 2020 FOLLOWED BY MOTO GP IN NOVEMBER 2020. OTHER EVENTS INCLUDE WORLD SUPERBIKE, CLASSIC CAR FESTIVAL HELD IN OCTOBER OF EACH YEAR.

The three bed roomed Farmhouse, was entirely renovated in 1989, with a large kitchen extension and swimming pool added.

The two bed roomed Cottage was constructed new in 1996 on the site of an old cottage.

Both properties have large covered terraces. Each property has a well and the water is supplied via electric pumps into the houses.

Finally, the third building is available for development with a present floor area of 55 m2 (can be altered to 80 m2), and is already registered as a habitation.

All relevant Habitation Licenses, certification for electrical, gas, telephone, waste, etc. have been obtained and are available for examination.

The property has a large garage, numerous outbuildings and kennels.

There are two reservoirs which are used for irrigation purposes.

A lovely home, a good investment for those looking for an income from holiday rentals, potential for horse stables or option to re-open established boarding kennels for dogs and cats.

The purchaser will be buying a Portuguese Limited Company which owns these three properties in the form of assets. Further information regarding the company, its present tax status etc. can be obtained from the company accountants located in Silves, Algarve

The property is registered as a Portuguese Agricultural Company(not off-shore), and as such can be used to exploit the Agricultural/Rural sector of business for; Agriculture, Horticulture, Floriculture and connected activities, along with Rural Tourism.
More information and photos are available through a website.

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