The plot near Tavira presents an exceptional investment opportunity for building villas due to its approved project for two homes and the stunning natural beauty of the surroundings. Priced at €536,000, this expansive 12,211 m² property is perfect for those looking to invest in the lucrative rural tourism market of the East Algarve.
It comes with a plan to construct a villa of 377 m² and a linked guest house with two suites, offering the potential for significant rental income. At the same time, there's an opportunity for buyers to submit plans for constructing four additional T0 studios, further diversifying your investment potential. This flexibility can enhance your appeal to various types of tourists, maximising occupancy rates.
Located just 15 km from both Tavira and the closest beaches, the area is incredibly desirable for vacationers seeking a countryside retreat close to the coast. The property is enveloped by beautiful landscapes featuring carob, almond, and olive trees, seamlessly merging nature with luxury living. The approval for tourist usage adds another layer of opportunity, making it ideal for those looking to establish a successful holiday rental business.
Hence, this land is not just about constructing homes; it's about creating a lifestyle and a source of income in a sought-after location. Take this chance to immerse yourself in the Algarve and explore this property today before it disappears from the market!
• 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
