Private Introduction · Portugal
Land in Silves (89858)
Plot in Silves — €2,000,000.
- Price
- From EUR 2.00M
Introduction
A 9.6-hectare plot of land, located on the shores of Funcho Dam, with enormous potential for tourism development in Silves, Algarve.This land offers the rare opportunity to create a tourist development in a privileged location, with permission to build up to 10% of the total area, according to a favorable opinion from the municipal council. It features a ruined village, located on a peninsula surrounded by the waters of the dam, adding historical and cultural charm to the site. This land represents a strategic opportunity for visionary investors who are looking for a unique location to develop a successful tourism project in one of the most beautiful regions of Portugal.Its strategic location provides easy access to important tourist attractions and infrastructure in the Algarve, a 10-minute driving distance from Silves and the prestigious Silves golf course, and the city of Portimão, and a 30-minute driving distance from Faro International Airport.
Why This Opportunity
Prime Faro location
Located in Silves, Faro, Portugal — a sought-after part of the market.
Priced at €2,000,000
On the market at €2,000,000.
Studio homes
Layout up to 95900 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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