Investment – Plot with Ruin in Estoi, Algarve

€250,000

127 m² Total surface
9,760 m² Plot surface

Description

We are delighted to present this magnificent plot of land located in Estoi, Algarve. This is a unique opportunity for those seeking a promising investment in the real estate market of the eastern Algarve. Property Features -Total Area: 9,760m² -House in Ruins: 127m² -Renovation and Expansion Potential: The existing house, currently in ruins, can be restored to its original layout, including a kitchen, pantry, entrance hall, two bedrooms, and two cabanas with two rooms each. Alternatively, there is the potential to expand up to 200m², including provisions for a swimming pool and terraces, subject to approval by the Faro City Council. -Natural Surroundings: The property is surrounded by carob trees, olive trees, and almond trees, providing a serene and natural setting, ideal for those seeking a retreat in the Algarve. This property for sale in Estoi is an excellent opportunity for investors and individuals looking to build their dream home or develop a tourism project in the region. The prime location in the eastern Algarve, combined with the potential for renovation and expansion, makes this offer particularly attractive. Engel & Völkers: Engel & Völkers is a specialist in luxury real estate, with over 40 years of market experience. With a presence in more than 30 countries and a global team of 16,600 professionals, we offer exceptional service to help you find your dream home. For more information or to schedule a visit to this great investment property in Estoi, do not hesitate to contact us. The Engel & Völkers Faro-Tavira team is ready to provide the best support for your next real estate investment in the eastern Algarve.

Features

Green view

Engel & Völkers Faro - Tavira

+351 938 533 413

Your advisor: Carolina Hubert

Property ID: W-02VXJJ

Location: Estoi, Faro District

This property is located in the countryside of Estoi – Algarve. Situated just a 20 minutes’ drive from the beach and the centre of Faro, where you can enjoy the history and gastronomy of the city. Benefiting from its privileged location, residents have easy access to health services, to the A22 highway and to Faro International Airport. Do not miss out the opportunity to live in the peaceful countryside of Estoi while enjoying easy access to essential amenities.

Commission details

The Amounts related to outstanding fees of any kind, as well as registration costs for leases, must be paid by the owner. The mediator commission must be paid by the owner, as stipulated by the Portuguese law. Property availability upon agreement. This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot guarantee that it is accurate or complete at any time, therefore it cannot be relied to us any responsibility regarding that. This offer is subject to errors, omissions, price changes or withdrawal without notice, and it cannot be relied to us any responsibility for that.