If you're exploring ways to develop ruins into rental properties on an equestrian estate, consider this extraordinary property in the southern Alentejo. With an asking price of €1,600,000, this equestrian centre boasts two sizeable ruins that present a phenomenal opportunity for conversion into charming rental accommodations. Nestled on 150,000 m² of serene countryside, the estate also features a three-bedroom country house with en-suite baths, perfect for your own living space, while generating income from the developed ruins. This property includes stables, a sand arena, and fenced paddocks, creating an excellent infrastructure for horse activities. Additionally, the site offers private access to a picturesque lake, enhancing its charm for prospective tenants. Located just 6 km from Ourique and easily accessible to amenities, you stand to benefit from both the physical beauty of the location and the potential for rental income. The olive groves not only beautify the property but also allow for organic farming, presenting further income opportunities. With an energy rating of A+ and sustainable features like solar panels, you can develop a truly eco-friendly venture. Whether you envision a rustic retreat or luxurious lodgings, seize this unique chance—contact us today to discuss your plans!
• Living area 420m²; Construction size 420m²
• Plot size 150.000m²
• Year of construction 1999
• 3 bedrooms with en-suite bathrooms
• Swimming pool 12 x 6m and tennis court
• Fenced paddocks
• 12 box stable block with grip room and Olympic size sand arena
• Views and private access to lake
• Two large ruins which can be recovered
The house is all on one level, semi open plan with access to a large covered outdoor terrace on two sides.
The views are over the mature low maintenance garden and pool to the lake beyond.
Bedrooms are at the back with country views to the olive grove and paddocks.
From the paddocks there is access to 1.5km of private water front.
There are many possibilities with this property as the house is independent of the larger land area. Family home and rent the rest or make a business or keep horses for pleasure.
The olives are organic standard and can generate a good income.
Amenities
• Photovoltaic panels plus battery bank for electricity
• Solar panels and wood burner with back boiler for hot water
• Three boreholes – house, stables and near to ruins
Location
• 6km to Ourique with all facilities including a hospital
• 10km to Funcheira train station with high speed trains to the cities
• 100km to Faro airport
