AMAZING PROPERTY WITH TOURIST APARTMENTS - BUSINESS OPORTUNITY or LARGE FAMILY HOME This unique and beautiful property is located at just a few minutes’ drive from the centre of Tavira

Tavira, Faro, Portugal

For Sale

€1,950,000

REF: 627894 €1,950,000


12

11

955 m2

5200 m2

Description

AMAZING PROPERTY WITH TOURIST APARTMENTS - BUSINESS OPORTUNITY or LARGE FAMILY HOME This unique and beautiful property is located at just a few minutes’ drive from the centre of Tavira. It is a wonderful property with great potential to establish yourself in the region and dedicate to the tourist rental business – Local Accommodation AL License operational.

Plot size: 5200m2. The entire land of the property is fenced and gated. Main Villa: 858.90m2 offering 3 studios and 6 one-bedroom apartments (total 9) Separate House: 97m2 with 2 bedrooms and 2 bathrooms of which 1 ensuite. Villa On entering the plot through an electric gate, you will find a driveway along with 10 parking spaces.

You then enter the villa through an eye-catching, wooden double door. The spacious marbled entrance leads off to 5 apartments and a striking staircase to the upper and lower floors. You will also find on the ground floor an office, a service storage room and a laundry room. Ground floor - 4 One-bedroom apartments and 1 large Studio.

These have large terraces and individual BBQs. First floor- 2 one-bedroom apartments and 2 Studios. These have balconies. All apartments have double glazed doors and windows with mosquito nets, and shutters. All apartments have air-conditioning units and radiators. South facing apartment have sea views while the north facing apartment have unobstructed views of the vineyard and countryside.

On the lower floor of this grand villa, you will find a spacious area with a bar, a full kitchen, 2 toilets and many fitted storage cupboards. This space has the potential to be used as a games room, a gym, a cinema, a socializing and dining area, or for any other use to further monetize the business.

Second house: This typical Algarvian-style house has 2 bedrooms, a dressing room, 2 bathrooms (including one ensuite), a large kitchen, a living room, an extra room for leisure activities and a laundry room. All windows are double glazed with mosquito nets and shutters. The house is equipped with air conditioning units, radiators and 2 wood burning soves.

Three sides of this house have been insulated with "capote" cladding. A large, shaded terrace in front of the house leads to the external side stairs up to the roof terrace from where you can enjoy wonderful views of the sea and of the vineyard located in the area and the entire vast countryside where this magnificent property is located.

Outdoors At the front of the Villa the outside space has been cleverly designed to provide a sense of privacy and tranquillity. The saltwater pool is 12 x 6m. The children’s pool is 3x3m. The stone-tiled terrace around the pool is shaded by a 2.5m x 12m long pergola. Part of the garden has impressive palm trees, decorative cactus and succulents to form a Mediterranean style landscape.

Wide paths lead you around the property which are bordered by flowering plants, bushes and conifers. At the back, between the Villa and the second house is an orchard which offers you a variety of fruit trees: oranges, lemons, pomegranates, figs, loquat etc. Energy Certificate: B: The property is connected to all utilities including Fibre.

Additional Amenities - Bore hole with 6000 litres deposit tanks with UV filtration system to use in the houses and for watering grounds - 6 solar panels with a 300-litre and a 200-litre capacity water tanks for hot water - Heat pump to support solar panels for hot water - 38 photovoltaic panels to produce a maximum 12kwh electricity per day - Gas reservoir tank for the second house - Automatic watering system The property is very particular and unique in the region and suitable for anyone who wants to dedicate to this business where maintenance and utilities costs are controlled with a high ecological sustainability level or for those who just want to enjoy a lifestyle with their family in a grandiose property and just a few minutes to the local supermarket and the charming city of Tavira. #ref: 85843
AMAZING PROPERTY WITH TOURIST APARTMENTS - BUSINESS OPORTUNITY or LARGE FAMILY HOME This unique and beautiful property is located at just a few minutes’ drive from the centre of Tavira. It is a wonderful property with great potential to establish yourself in the region and dedicate to the tourist rental business – Local Accommodation AL License operational.

Plot size: 5200m2. The entire land of the property is fenced and gated. Main Villa: 858.90m2 offering 3 studios and 6 one-bedroom apartments (total 9) Separate House: 97m2 with 2 bedrooms and 2 bathrooms of which 1 ensuite. Villa On entering the plot through an electric gate, you will find a driveway along with 10 parking spaces.

You then enter the villa through an eye-catching, wooden double door. The spacious marbled entrance leads off to 5 apartments and a striking staircase to the upper and lower floors. You will also find on the ground floor an office, a service storage room and a laundry room. Ground floor - 4 One-bedroom apartments and 1 large Studio.

These have large terraces and individual BBQs. First floor- 2 one-bedroom apartments and 2 Studios. These have balconies. All apartments have double glazed doors and windows with mosquito nets, and shutters. All apartments have air-conditioning units and radiators. South facing apartment have sea views while the north facing apartment have unobstructed views of the vineyard and countryside.

On the lower floor of this grand villa, you will find a spacious area with a bar, a full kitchen, 2 toilets and many fitted storage cupboards. This space has the potential to be used as a games room, a gym, a cinema, a socializing and dining area, or for any other use to further monetize the business.

Second house: This typical Algarvian-style house has 2 bedrooms, a dressing room, 2 bathrooms (including one ensuite), a large kitchen, a living room, an extra room for leisure activities and a laundry room. All windows are double glazed with mosquito nets and shutters. The house is equipped with air conditioning units, radiators and 2 wood burning soves.

Three sides of this house have been insulated with "capote" cladding. A large, shaded terrace in front of the house leads to the external side stairs up to the roof terrace from where you can enjoy wonderful views of the sea and of the vineyard located in the area and the entire vast countryside where this magnificent property is located.

Outdoors At the front of the Villa the outside space has been cleverly designed to provide a sense of privacy and tranquillity. The saltwater pool is 12 x 6m. The children’s pool is 3x3m. The stone-tiled terrace around the pool is shaded by a 2.5m x 12m long pergola. Part of the garden has impressive palm trees, decorative cactus and succulents to form a Mediterranean style landscape.

Wide paths lead you around the property which are bordered by flowering plants, bushes and conifers. At the back, between the Villa and the second house is an orchard which offers you a variety of fruit trees: oranges, lemons, pomegranates, figs, loquat etc. Energy Certificate: B: The property is connected to all utilities including Fibre.

Additional Amenities - Bore hole with 6000 litres deposit tanks with UV filtration system to use in the houses and for watering grounds - 6 solar panels with a 300-litre and a 200-litre capacity water tanks for hot water - Heat pump to support solar panels for hot water - 38 photovoltaic panels to produce a maximum 12kwh electricity per day - Gas reservoir tank for the second house - Automatic watering system The property is very particular and unique in the region and suitable for anyone who wants to dedicate to this business where maintenance and utilities costs are controlled with a high ecological sustainability level or for those who just want to enjoy a lifestyle with their family in a grandiose property and just a few minutes to the local supermarket and the charming city of Tavira. #ref: 85843
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Property on Map

#85843

Currency Exchange

Tavira, 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 €1,950,000 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
€1,950,000 £1,615,205 £1,675,928 £60,723
Property Price € €1,950,000
Minimum cost in the last six months £1,615,205
Maximum cost in the last six months £1,675,928
Fluctuating exchange rates over the last six months could have increased the cost of this property by £60,723

Tavira, 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 €1,950,000 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
€1,950,000 £1,615,205 £1,675,928 £60,723
Property Price € €1,950,000
Minimum cost in the last six months £1,615,205
Maximum cost in the last six months £1,675,928
Fluctuating exchange rates over the last six months could have increased the cost of this property by £60,723

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 £60,723 more.

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