Private Introduction · Portugal

Country Estate in Silves

Home in Silves — €15,000,000.

Price
From EUR 15.00M

Introduction

Estate with a chapel, three derelict buildings, 360 sqm (gross construction area), set in 80,324 ha of land, in Santana, São Bartolomeu de Messines, Silves, Algarve. The estate includes Santana Chapel, three derelict buildings, a dam and borehole. This property has an approved previous information request (PIP) issued by Silves City Council enabling the construction of a single hotel establishment of the aparthotel type, with a maximum of two floors, associated with the theme of nature tourism, in particular of a farm with agricultural production of regional products. The urban proposal concentrates its implantation in a single area of a size less than 10% of the total property – 7.6 ha, and the total area of the land is 80.3 ha. This project envisages a main building, swimming pool, chapel, terraces, bungalows, recreational and leisure areas, and native vegetation green spaces. The main building has two blocks, one north-facing with the reception and back-office, living room facing the landscape, and a series of meeting and conference rooms on Floor 0. The upper floor has a set of 19 standard hotel suites. The leisure and restaurant spaces are located to the south, comprising the restaurant, kitchen and bar. Floor -1 has a gym and spa, with access to the outdoor area, with a swimming pool and sitting area. The same floor has the staff changing rooms and a storage room. The bungalows are planned to be built out of wood, from the structure to the exterior finishes, gable roof and balcony, in three sizes: 1-bedroom with a living room and kitchenette, a bathroom and bedroom; 1+1-bedroom with a mezzanine as an extra; and a 2-bedroom with two bedrooms, living room, kitchenette, balcony; all have access for people with reduced mobility. São Bartolomeu de Messines is the largest parish of the Algarve, and one of the largest of the country, extending over an enormous area of more than 250 km2, distributed over hinterland lowlands and hills, it has a temperate climate, with mild temperatures both in summer and winter, with the necessary services to meet its population’s needs. For those who enjoy living in the Algarve climate, this is a peaceful area steeped in abundant nature. Located 20 km from the sea and Alentejo, the municipal rates, property tax and water are the cheapest of the country, the parish’s centrality in the region, benefiting from a prime position, located close to the A2 motorway and IC1 road junctions connecting the rest of the region and country, a well located industrial area, endowing excellent conditions in terms of financial investment.7-minute driving distance from Messines, 10 minutes from Messines municipal market and railway station, 20 minutes from Silves, 30 minutes from Faro Airport, and two and a half hours from Lisbon and Seville Airport.

Why This Opportunity

  • Prime Faro location

    Located in Silves, Faro, Portugal — a sought-after part of the market.

  • Priced at €15,000,000

    On the market at €15,000,000.

  • 19-bedroom homes

    Layout up to 360 m².

  • ~5% estimated gross yield

    Estimated 6% annual capital growth for Faro (market-level estimate).

The Area

Where it is

Getting around

  • Faro Airport (FAO)

    International gateway for the whole Algarve via the A22. [~60 km / 45 min]

  • A22 Via do Infante

    Algarve motorway giving fast east-west connections. [~10 km / 10 min]

  • Silves Railway Station

    Stop on the Linha do Algarve regional line. [~2 km from centre]

Nearby

  • Castelo de Silves

    The largest Moorish castle in the Algarve, with red sandstone ramparts. [In town]

  • Sé de Silves (Cathedral)

    Gothic cathedral beside the castle in the medieval old town. [In town]

  • Arade River & Riverside

    Historic quays with boat trips down to Portimão. [In town]

  • Amendoeira Golf Resort

    Two championship courses designed by Faldo and O'Connor Jnr. [~12 km / 15 min]

Schools

  • Nobel Algarve British International School (Lagoa)

    Flagship campus, English National and Portuguese curriculum, ages 3-18, Lagoa. [~15 km / 20 min]

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Figures are indicative and subject to change. Regulations, taxes and market conditions vary by jurisdiction. Do your own due diligence and seek independent legal and financial advice.