This superb investment opportunity of a property consisting of 3 houses is for sale by the owner. Situated just 3 minute drive (or 15 minute countryside walk) of the Autodrome International do Algarve racetrack and karting track, and just a few minutes from the A22 motorway, giving excellent easy access to the whole Algarve and Portugal.
The racetrack will be staging a Formula 1 event on 25 October, 2020 followed by Moto GP in November. Other events include World Superbikes and the Classic Car Festival, held in october of each year.
The complete property is for sale as described below €398,000. All legal documentation for the property is up to date - includes habitation licences and energy certificates.
It is a country property complete with off-road tracks within the 210,400m2 (approx 51 acres) land area with several tree types; olives, fig, loquats, almond, carob, cork, pine. Two lakes.
The property is located in the small hamlet of Valenca de Baixo. The village of Mexilhoeira Grande is a 5 minute drive and has a bank, post office, surgery, church, hairdresser, excellent supermarkets plus a produce market and many superb restaurants, cafes and bars.
The large, commercial riverside town of Portimão plus Alvor, Praia da Rocha beaches are 15 minutes drive. The old town of Lagos is 20 minutes drive. Faro international airport is located 40 minutes drive from the property.
An excellent opportunity to make a profit by transforming the property into a rural tourism project or a beautiful hideaway retreat for you and your family.
The first property, an old farmhouse with traditional features was entirely renovated in 1989. Consists of hallway. 3 bedrooms (1 en suite). A separate shower room. Lounge with log burning stove, large kitchen/diner. Pantry. Utility area. Outside - large covered patio areas. Covered parking area. Secluded terraced area above kitchen. Swimming pool 9m x 5m with hedged protection from wind. Enclosed garden area with grass, trees & shrubs. Wooden garden shed. Block built building with concrete floor for storage or chickens.
The 2nd property built in 1996 with traditional features is used as a guest cottage. Consists of hallway, 2 bedrooms (1 en suite). A separate shower room. Lounge/diner with log burning stove. Galley kitchen. Separate utility area. Outside large covered patio areas. Parking area. Enclosed garden area with grass, trees and shrubs.
The third property is a small registered ruin for development.
There is a large block built garage/warehouse with concrete floor, double metal doors. Adjoining the garage is an attached large covered area for parking or machinery. Also, within this area there are three smaller block built buildings with plastered walls and tiled floors plus a good sized wooden shed.
Services include mains electricity. Gas. Domestic water pumped to houses via individual wells with hot water supplied via gas geysers. Domestic sewage is treated by septic tank method. Telephone/wifi.
For more information, or to view the property please contact:
Linda Pixley on Landline 00 351 282 471347 | Mobile 00 351 925 584201 | Email lindacarolpixley@gmail.Com
William Pixley on Landline 0044 1752 816544 | Mobile 00 44 7952 456183 | Email williamianpixley@gmail.Com