Yellow Homes is proud to present an exceptional investment opportunity in a prime location, just five minutes north of Vilamoura in the heart of the Central Algarve. This versatile property offers a fully licensed villa with a pool, in excellent condition, and an approved project for its modernization. Additionally, a preliminary inquiry for a rural tourism project has been reviewed and favourably assessed by the Loule building authority, further enhancing the propertys development potential. These opportunities allow for diverse individual projects or a harmonious combination, all supported by positive opinions from relevant authorities in Loule and Faro. Nestled in the scenic hills of Vilamoura and just a short drive from its renowned beaches, the property spans over 7,000 m2 and boasts a permitted construction area of 2,000 m2, accommodating numerous accommodation units and amenities. Its strategic location and development potential will create unlimited opportunities to craft a captivating rural tourism experience close to the Atlantic Ocean. The envisioned tourism project would seamlessly integrate the owners villa, a spacious single-story four-bedroom home with a light-filled basement, into the overall concept. The villa itself features 6 bedrooms with built-in wardrobes, 4 bathrooms and a large, partly covered south-facing sun terrace that ensures privacy and offers stunning views of the surrounding countryside and the distant sea. The property also includes a swimming pool on a lower level, complemented by a well-designed covered BBQ area, ample storage spaces, a fully equipped utility room, and an additional shower room. The completely renovated apartment on the same level offers 2 bedrooms, a living-dining room, and a kitchenette, making it ideal for guest or staff accommodation. Preparations are already in place for the installation of an elevator to connect the pool level with the main house. With excellent road connectivity, the property is easily accessible and features both borehole and mains water supplies. This remarkable property combines a prime location, great amenities, and approved development plans, offering a unique opportunity for investors. Whether your vision involves purchasing an existing private retreat, modernizing the existing villa, or establishing a thriving rural tourism enterprise or even blending all the options this property provides the perfect foundation for bringing your vision to life. Energy certificate class D.
Download Pdf