Farm/Estate for sale in Silves

Country Estate with Rural Hotel Project and Agricultural Operation Property located in Ferrarias, near Algoz, comprising a mixed-use property and two adjoining rural plots, which are being sold together. Although the property includes an existing habitable building, currently divided into eight separate residential units, its main investment attraction is the existence of a favourable opinion regarding a Prior Information Request (PIP) for the development of a 3-star Rural Hotel , comprising 50 accommodation units, a swimming pool, outdoor areas and private parking. The project is in accordance with the Silves Municipal Master Plan (PDM) and provides for the development of a tourism project integrated into a property with rural characteristics. The existing building is part of the development envisaged in the hotel project and could be renovated and adapted for this purpose. In addition, the property includes independent development rights for a semi-detached house , separate from the hotel project. The property also includes two rural plots that are currently planted and in full agricultural production, with citrus and avocado crops, an established irrigation system and their own water supply. The plots are leased and actively farmed, currently providing a stable rental income . In summary, this is a versatile asset offering several development possibilities, combining a tourism project with a favourable planning framework, an active agricultural operation generating stable income , an existing habitable building, and additional residential development rights. The location, close to Algoz, Guia, Albufeira and Silves, benefits from good access to the A22 motorway and EN125 national road, while also being within a short distance of some of the Algarve’s most beautiful beaches.