Investment opportunities for land in Santa Catarina da Fonte do Bispo are ripe for those looking to capitalise on the escalating interest in rural tourism and residential development within the Algarve region. The property for sale features a large plot of 12,211 m², with an approved construction project for two villas, making it an attractive option for investors. The plot comes at a price of €545,000, which is competitive for the area considering its proximity to emerging tourist hotspots and beautiful beaches only 15 km away.
The outlined project encompasses a primary villa with 2 en-suite bedrooms and a well-planned guest house equipped with two suites, offering flexibility for personal use or rental income. With additional plans for T0 studio apartments pending approval, this property opens the door to various avenues for increasing your return on investment in a fast-growing sector.
Additionally, the location features stunning views of the sea and is surrounded by picturesque agricultural landscapes filled with carob, fig, almond, and olive trees—providing an authentic and tranquil environment that is highly sought after by visitors. The plot is conveniently situated just 2 km from the nearest town of Santa Catarina and 15 km from Tavira, thus ensuring accessibility while allowing for a peaceful retreat.
The potential for realising substantial rental yields from holiday lettings is considerable, given the appeal of the Algarve as a prime tourist destination. Moreover, with anticipated construction works set to begin in 2024, stakeholders can begin planning their respective developments immediately, paving the way for a timely return on investment.
Engage with local experts for detailed insights and potential collaborations in realising the full potential of this investment. Don't miss this chance to secure prime land in an area poised for growth. Contact us today to discuss the next steps and explore how to make this fantastic opportunity yours.
• Construction size 377m²
• Total urban footprint 529m²
• Plot size 12.211m²
• Approved project in place
• The price includes the plot and the approved project but not the construction of the building
• 15km to sea and beaches
• Sea views
The building permission is for a 2 en-suite bedroom villa with 377m² footprint. The basement would provide enough space for a garage for 4 cars, several storage rooms and two multimedia rooms. In addition to this, a guest house with 2 suites, with an area of just over 150m².
This project is viable for touristic usage in the form of country houses, with a biological pool and leisure area facing south with sea views. There is an additional plan for 4 x T0 studios in drawing in a plot of 444m² but these are not included in the approved architecture plan and should be submitted for approval if so desired.
With this additional area of construction, it makes this project an exciting opportunity for Rural Tourism in a picturesque location close to Santa Catarina da Fonte do Bispo.
The surrounding land consists of wide-open plains with carob, fig, almond and olive trees.
Price is for plot only, construction price is extra and costs depend on finishes desired. It is anticipated that all approvals will be in place for construction works to commence in 2024.
Please contact us to see the full plans and for a visit to the location.
Amenities
• License for borehole
• Licença de Especialidades in process
• Licença de Construção in process
• Possibility to connect to mains electricity and phone network
Location
• 2km to Santa Catarina da Fonte do Bispo
• 15km to Tavira
• 15km to sea and beaches
• 19km to golf
• 31km to Faro airport
