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UNIQUE approved rural tourism project in wonderful location.

€ 799,000 £ 705,234 $ 952,769

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Unique and rare opportunity to purchase an approved rural tourism project in a wonderful country setting, just a short stroll from the famous artisan village of Barao de Sao Joao in Western Algarve.

Consisting of a beautiful 2-bed cottage and large insulated well-built barn that will make for an easy cost effective conversion.

Project approved for an 8 bedroom rural tourism project of up to 600m², offering the perfect opportunity for various projects such as yoga retreat, wellness centre, riding school, or holiday apartments.

Set on a beautiful well maintained 8640m² fenced plot, surrounded by fruit trees and nature in a very tranquil location with wonderful country and mountain views. 

Borehole with a year-round supply of water and connection to utilities in place.

Opportunities like this very rarely come to market, one of a kind project with lots of scope, excellent business or lifestyle investment.

Located less than 10 min drive into the centre of Lagos or the golden sands of the spectacular South coast beaches, 20 min to the West coast, easy motorway access with an approx 45min drive to Faro airport. 

About the area....

Barao de Sao Joao is a rural and peaceful village is characterized by its charming typical white houses with a coloured bar around windows and doors, traditional Algarve chimneys, showing off the big Moorish influence, due to many years of Moorish occupancy of the territory. Known as the artisan village of the Algarve Joao has a feel about it like no other village, attracting artists and musicians from all over the World. Excellent choice of cafes, bars and restaurants and amenities in a relaxed village setting.

Lagos (lah-goosh). The city lies along the bank of the Rio Bensafrim, with 16th-century walls enclosing the old town’s pretty, cobbled lanes, picturesque piazzas and churches. The city has an exceptional choice of bars and restaurants and the World class Marina and beaches just add to the allure. With every activity under the sun (literally) on offer, plus a lively nightlife, it’s not surprising that people of all ages are drawn here. Aside from its hedonistic appeal, Lagos has a lot of historical clout, having launched many naval excursions during Portugal’s extraordinary Age of Discoveries.

 

Key information

Reference: PPSS2911

Commercial

Lagos, Western Algarve

8 bedrooms

Private ownership

Built in: n/a

600m2 build size

€ 1,332 £ 1,175 $ 1,588 / m2 build

8,640m2 plot size

€ 92 £ 81 $ 109 / m2 plot

Features

  • Garden
  • Parking
  • Reception room
  • Terrace/Balcony
  • Covered dining area
  • Storage room
  • Spacious

The location: Lagos

Portugal's least developed region, the wild Western Algarve, surrenders to the power of the Atlantic: it is all about nature, about surfing and the sea, about bird watching or spotting dolphins or walking cliff-top paths from one deserted sandy cove to another.

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Yours sincerely,
Andreia Leite

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Sarah Monaghan is a foreign currency exchange specialist working for Smart Currency Exchange in Portugal. If you have a question relating to foreign currency exchange, complete the form below and Sarah will get back to you.

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