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Algarve, Monchique, Portugal

€1,050,000
ERA Lagoa / Carvoeiro, Algarve
PROPERTY TYPE

Terraced

BEDROOMS

3

BATHROOMS

2

SIZE

Ask agent

Description

Old estate in the centre of Monchique with the possibility of developing an urban project.
This property, with 4,880 m² and dating back to before 1951, represents an excellent opportunity to develop an urban project, such as: a townhouse complex, an apartment building, or a service facility such as a retirement home, rural tourism, social housing, or even a hotel unit!
At present, there is a 3-bedroom house with rural constructions that were part of the former farm, plus a commercial space where a café/snack-bar once operated (50 m² + terrace). Located right at the entrance of Monchique, it is just a short walk from everything this picturesque town has to offer, as well as the surrounding nature of the "Serra de Monchique". The property has easy access via a tarmac road and, in addition to mains water, there is also a well and a small spring on site. Given the increasing demand for this region from both national and foreign families due to the quality of life and tranquillity it offers, the future project for this property will surely attract those looking for a permanent home or simply a holiday retreat.

Don’t miss this excellent real estate opportunity!
Contact us to find out more about the possibilities this property offers.

Algarve, Monchique, Portugal

Approximate location
Open mapStreet View

NEAREST AIRPORTS

Distances are straight line measurements
  • Faro(International)
    39.3 miles

Advice on buying Portuguese property

Learn everything you need to know to successfully find and buy a property in Portugal.

About ERA Lagoa / Carvoeiro, Algarve

Rua Marques de Pombal, Bloco 2, Lojas A e B, Lagoa, Algarve, 8400-391, Portugal

ERA integrates the world’s biggest real estate franchising in more than 50 countries.

In Portugal, since 1998 and counting more than 200 Agencies distributed throughout the entire national territory ERA is a market leader counting more than 120.000 properties (3 times the second agency).

With ERA ambition and success are real.

We only want the best, to stay on the top.

Thus, you will find in any ERA Agency, regardless of its geographic location, the best real estate agents.

Only the most experienced, ambitious and determined deserve the trust of the Portuguese.

Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by ERA Lagoa / Carvoeiro, Algarve (reference 119250086) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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