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Excellent property for Rural Tourism 170 ha,Messines, Algarve
Silves, Faro, Portugal, 8375-009
REF: 357811
€2,950,000
Description
Excellent property for rural tourism, 170 ha, 15 km from Messines, Algarve Property located in the parish of S. B. Messines, site of Paul. With an area of 1698520 m2, (approximately 170 ha). Composed of large cork oak, carob, olive and eucalyptus, sierra, weir, mato, arbutus,Several buildings of housing, warehouse, corral, dairy, meteorological station and with a backyard of 5 320 m2. Crossed by beds of watercourse, (Ribeira do Gavião) Property with excellent location, large areas of flat terrain, and fantastic conditions for rural tourism. Good access, totally fenced property and with 6 dams. The property is located:- About 15 Km from Albufeira- At about 4 Km from S. B. de Messines- About 4 Km IC1 (Lisbon / Algarve)- About 4 km from the Node of A 2 (motorway, Lisbon / Algarve)- About 35 Km from Faro International Airport. TOURIST POTENTIAL 1. Isolated Hotel Establishment (EHI) (it does not need to be just a building as the name seems to suggest), with 12 beds per ha, up to a maximum of 300 beds, 2 floors per building and may be 3 floors in certain situations (taking advantage of the morphology). The process begins in CM with a PIP, and must be related to a theme/concept (sport, health, horses, zen, tea, herbs) that the descriptive memory must translate; 2.NDT Tourism development center: requires a public tender. In this case you can have many more beds, up to 1000; 3.TER Tourism in Rural Spaces: involves the rehabilitation and expansion of existing buildings up to 2000m2. These instruments can also be used in conjunction, but differentiated in time, e.g. HAVE +EHI. -Several single-story housing constructions -Storage -Corral -Cheese factory -Weather station -6 dams Crossed by watercourse beds, (Ribeira do Gavião) Property with excellent location, large areas of flat land. Good access, property fully fenced. Visit and see this fantastic property. Thank you!
Excellent property for rural tourism, 170 ha, 15 km from Messines, Algarve Property located in the parish of S. B. Messines, site of Paul. With an area of 1698520 m2, (approximately 170 ha). Composed of large cork oak, carob, olive and eucalyptus, sierra, weir, mato, arbutus,Several buildings of housing, warehouse, corral, dairy, meteorological station and with a backyard of 5 320 m2. Crossed by beds of watercourse, (Ribeira do Gavião) Property with excellent location, large areas of flat terrain, and fantastic conditions for rural tourism. Good access, totally fenced property and with 6 dams. The property is located:- About 15 Km from Albufeira- At about 4 Km from S. B. de Messines- About 4 Km IC1 (Lisbon / Algarve)- About 4 km from the Node of A 2 (motorway, Lisbon / Algarve)- About 35 Km from Faro International Airport. TOURIST POTENTIAL 1. Isolated Hotel Establishment (EHI) (it does not need to be just a building as the name seems to suggest), with 12 beds per ha, up to a maximum of 300 beds, 2 floors per building and may be 3 floors in certain situations (taking advantage of the morphology). The process begins in CM with a PIP, and must be related to a theme/concept (sport, health, horses, zen, tea, herbs) that the descriptive memory must translate; 2.NDT Tourism development center: requires a public tender. In this case you can have many more beds, up to 1000; 3.TER Tourism in Rural Spaces: involves the rehabilitation and expansion of existing buildings up to 2000m2. These instruments can also be used in conjunction, but differentiated in time, e.g. HAVE +EHI. -Several single-story housing constructions -Storage -Corral -Cheese factory -Weather station -6 dams Crossed by watercourse beds, (Ribeira do Gavião) Property with excellent location, large areas of flat land. Good access, property fully fenced. Visit and see this fantastic property. Thank you!
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Currency Exchange
Silves, Faro, Portugal, 8375-009
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 €2,950,000 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 |
|---|---|---|---|
| €2,950,000 | £2,430,505 | £2,501,689 | £71,184 |
| Property Price € | €2,950,000 |
| Minimum cost in the last six months | £2,430,505 |
| Maximum cost in the last six months | £2,501,689 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £71,184 |
Silves, Faro, Portugal, 8375-009
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 €2,950,000 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 |
|---|---|---|---|
| €2,950,000 | £2,430,505 | £2,501,689 | £71,184 |
| Property Price € | €2,950,000 |
| Minimum cost in the last six months | £2,430,505 |
| Maximum cost in the last six months | £2,501,689 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £71,184 |
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 £71,184 more.
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