Land with 9,688 Ha, stunning scenery, covering Fonte Santa Viewpoint and respective pure water source

Fóia, Faro, Portugal

For Sale

€850,000

REF: 258576 €850,000


96880 m2

Description

Land with 9,688 Ha, stunning scenery, covering Fonte Santa Viewpoint and respective pure water source. A mandatory stop for the thousands of tourists who visit the region every year, not only for its scenic beauty, but also for the unique characteristics attributed to the water that continuously springs from its source.

Land adjoining, in all its extension, with the road of Fóia. Feasibility of building a luxury tourist complex (5 stars), including a hotel with 78 rooms, swimming pool and tennis courts. MEANWHILE, ACCORDING TO ITS DIMENSION, PURITY AND HIGH PH OF ITS WATER, THIS LAND IS EXCELLENT FOR THE CULTURE OF MICRO ALGAE SUCH AS 'SPIRULINA DA SERRA' - CYANOBACTERIA SPIRALE -, AMONG OTHERS, CONSIDERED THE PLANET'S SUPER FOOD.

THEREFORE, THE AGRICULTURAL DIMENSION (MICROALGAE CULTURE) CAN BE COMBINED WITH THE TOURISM AND LEISURE ONE (HOTEL UNIT/SPA). NOTE: This price includes a fully equipped caravan to serve drinks and snacks to tourists at the viewpoint that belongs to the property. In case you are not interested in the caravan (which I think is an added value and a source of income itself), the price of the property will be 750,000 Euros.

CURIOSITIES: Monchique is a unique area of the Algarve, located inland and covering a vast area of towns, villages and countryside in the largest mountain in the Algarve. You can see the Monchique mountain range from much of the center and west of the Algarve, as it dominates the horizon to the north, and to reach the foot of the mountain it is only a short distance from Portimão where it is well signposted both by the A22 and of the EN125.

The road that goes up the hill is small and narrow, but it is not a path that you intend to follow with a lot of speed, given that the views during the trip are stunning and it is worth taking some time to admire the landscape. There are many things to do in Monchique, with some mandatory visits for those who want to get a real idea of the area.

Monchique is a fantastic place to experience outdoor activities. If you have the energy, there are hiking experiences, downhill cycling adventures or the chance to get off the road on your mountain bike to explore the forest. If you prefer to do things at a slower pace, then a Segway tour of the area is ideal, or alternatively, a jeep safari through the mountains and down to the coast.

A place that you must include in your Monchique itinerary is a trip to the top and the peak of Foia, the highest point in the mountains and the Algarve and the best place for fantastic panoramic views of the entire region below. From Foia you can see all the way to the Atlantic and you can choose from several destinations, including the Autódromo do Algarve, which is close to the base of the mountain and will stage the Portuguese Formula One Grand Prix. algarvefun website
Land with 9,688 Ha, stunning scenery, covering Fonte Santa Viewpoint and respective pure water source. A mandatory stop for the thousands of tourists who visit the region every year, not only for its scenic beauty, but also for the unique characteristics attributed to the water that continuously springs from its source.

Land adjoining, in all its extension, with the road of Fóia. Feasibility of building a luxury tourist complex (5 stars), including a hotel with 78 rooms, swimming pool and tennis courts. MEANWHILE, ACCORDING TO ITS DIMENSION, PURITY AND HIGH PH OF ITS WATER, THIS LAND IS EXCELLENT FOR THE CULTURE OF MICRO ALGAE SUCH AS 'SPIRULINA DA SERRA' - CYANOBACTERIA SPIRALE -, AMONG OTHERS, CONSIDERED THE PLANET'S SUPER FOOD.

THEREFORE, THE AGRICULTURAL DIMENSION (MICROALGAE CULTURE) CAN BE COMBINED WITH THE TOURISM AND LEISURE ONE (HOTEL UNIT/SPA). NOTE: This price includes a fully equipped caravan to serve drinks and snacks to tourists at the viewpoint that belongs to the property. In case you are not interested in the caravan (which I think is an added value and a source of income itself), the price of the property will be 750,000 Euros.

CURIOSITIES: Monchique is a unique area of the Algarve, located inland and covering a vast area of towns, villages and countryside in the largest mountain in the Algarve. You can see the Monchique mountain range from much of the center and west of the Algarve, as it dominates the horizon to the north, and to reach the foot of the mountain it is only a short distance from Portimão where it is well signposted both by the A22 and of the EN125.

The road that goes up the hill is small and narrow, but it is not a path that you intend to follow with a lot of speed, given that the views during the trip are stunning and it is worth taking some time to admire the landscape. There are many things to do in Monchique, with some mandatory visits for those who want to get a real idea of the area.

Monchique is a fantastic place to experience outdoor activities. If you have the energy, there are hiking experiences, downhill cycling adventures or the chance to get off the road on your mountain bike to explore the forest. If you prefer to do things at a slower pace, then a Segway tour of the area is ideal, or alternatively, a jeep safari through the mountains and down to the coast.

A place that you must include in your Monchique itinerary is a trip to the top and the peak of Foia, the highest point in the mountains and the Algarve and the best place for fantastic panoramic views of the entire region below. From Foia you can see all the way to the Atlantic and you can choose from several destinations, including the Autódromo do Algarve, which is close to the base of the mountain and will stage the Portuguese Formula One Grand Prix. algarvefun website
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Property on Map

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Currency Exchange

Fóia, Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €850,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€850,000 £700,315 £737,877 £37,562
Property Price € €850,000
Minimum cost in the last six months £700,315
Maximum cost in the last six months £737,877
Fluctuating exchange rates over the last six months could have increased the cost of this property by £37,562

Fóia, Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €850,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€850,000 £700,315 £737,877 £37,562
Property Price € €850,000
Minimum cost in the last six months £700,315
Maximum cost in the last six months £737,877
Fluctuating exchange rates over the last six months could have increased the cost of this property by £37,562

The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £37,562 more.

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