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What is the cost of a large country estate with renovation potential near Mértola?

Country Estate in Mértola

ref. AT2170
29.845.128DKK
  • NA
  • 18
  • 18
  • 1.986m2
  • 82.033m2
  • Farm
  • Palace

The selling price for this expansive country estate near Mértola is €4,000,000. This property offers substantial renovation potential, ideal for those looking to invest in a historic structure. With a pure living area of 1,986 m² on an 82,033 m² plot, this estate includes a large main house dating back to the 1920s, alongside several outbuildings, a chapel, guest accommodations, a pool, and extensive pastureland. The main house is partly renovated and includes a wine bar that is operational. Previously intended as a luxury hotel with a total of 25 suites, restaurant, spa, and terrace areas, the property still holds significant promise for development. The approved architectural plans illustrate the potential for a Boutique Resort with a Sustainable Wine Bar, making it perfect for serious investors. Located just 29km from Mértola and 25km from Beja, the estate offers ample parking for approximately 50 vehicles and accessibility via a tarmac road. The site enjoys proximity to vineyards and beautiful countryside views, suitable for diverse activities such as weddings, retreats, and horse riding. Ongoing works on water mains and solar panel installations add further value to this historical estate. Interested buyers should not miss the opportunity to schedule a viewing and explore this unique investment prospect.

Usage
Commercial
Type
Country Estate
Town
Mértola
Parish
Alcaria Ruiva
Municipality
Mértola, Beja
Region
Alentejo (East)
Rooms
30
Bedrooms
18
Bathrooms
18
Floors
1
Furnished
Negotiable
Living Area
1.986 m²
Surface area
1.986 m²
Plot Area
82.033 m²
Tarmac, Easy Access
Private Parking
Storage, Laundry, Pantry, Office/Study, Wine Cellar
Solar (Water)
Borehole, Septic tank
Saltwater
Landscaped, Natural, Fenced, Trees
Courtyard, Paddock, Pond
Countryside View
Palace, Farm
● Pure living area: 1.986m²
● Construction area: 1986m²
● Fenced plot: 82.033m²
● Rooms in total: 30
● Storage rooms, cellars, wine cellar, shop, service rooms
● Main house, buildings in U shape surrounding a large courtyard, chapel, 3 outbuildings
● Approved Renovation & Investment Project
● The price includes the property and the approved project but not the construction costs
● Year of Construction: Before 1951 and ongoing
● Business for Sale Project

This extraordinary huge country property is easily accessed by a tarmac country road near the town of Mértola in the Alentejo. The gates lead to a parking space for approx. 50 cars. The approved renovation & investment project offers a Boutique Resort with Hotel, SPA & Wine Bar in a rural area with sustainable aspects. The current situation shows a palatial house from the early 20th century, a wine bar & shop with storage rooms, further accommodation and service areas, a chapel, pool, and terraces, several outbuildings all in need of renovation. At the moment only a small part of the main house and the wine bar are renovated. The approved project can be presented with all dimensions, 3D photos and possibilities.

This would be an attractive proposition for both private and business investors including large hotel and resort groups. Further Possibilities: Events – Retreats – Weddings – Festivals – Horse riding - Luxury SPA experience, Agricultural Farm, Restaurant and Wine Tasting with Shop.

The huge main house is divided into three floors:
● First floor, ground floor and basement which is currently a wine tasting bar and shop
● All other buildings are on one floor

Amenities

● Wine bar offering wine tasting plus souvenir shop up and running
● Cellar for wine and shop & storage rooms
● 2 boreholes, cistern, not yet water from the mains, but in process
● Water collection for the cistern
● Mains electricity in process of being installed
● Solar panels for two of the boreholes
● A drip irrigation system covering all garden areas
● Pool in need of renovation
● Main house which is partly renovated plus a project for hotel suites and an owner’s apartment. The project includes 18 superior quality accommodations, 450m² covered service centre, chapel with Portuguese tiles, further outbuildings
● Beautiful relaxing outdoor places and terraces, garden, trees and water features
● Ideal for animals
● Ideal for rural tourism with accommodation, restaurant and wine & tasting bar

Location

● 3km to next village with restaurants
● 29km to Mértola/ 25km to Beja with all amenities
● 145km to Faro airport
● 197km to Lisbon airport
● 33km to Praia Fluvial da Ribeira de Carreias, Mértola (River Beach)

Other Info

Business partially operational.
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