Large Property Ideal For Investment For Sale In Lagoa Algarve

Price:
€975,000
Type:
Villas+Quintas
Area:
Lagoa
Region:
Central Algarve
Country:
Portugal
Build m2:
300
Plot m2:
85500
Features:
Own Garden , Country views , Vineyard
Reference:
bp_7038
Large Property Ideal For Investment For Sale In Lagoa Algarve
Large Property Ideal For Investment For Sale In Lagoa Algarve is a large property set on a plot of 85,500 square eters with a building area of 300m2 but has permission for 600sq meters.

The price was recently reduced by 425,000€.

Plot:

- 85,500 sq meters (50 % negra mole, 15% tourega national; 15% white. 15% not planted

Building area:

- 300m2 but permission for 600sq meters

With the wedding market and hospitality market increasing every year, the idea was to re build the original building, retaining as many features as possible, to have site that is rented out to wedding venue companies. There is a lack of unique places in the Algarve, to host such events.

*The energy rating for this property is: TBC

Lagoa is located near Portimao and is a very old parish with high historical value and with well established economy, excellent tourism destination due to its many offers of gastronomy, activities and other amenities and its in a 10 min drive radius of Ferragudo, Carvoeiro and many beaches and coves. Only 45 min drive to the International airport of Faro.



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