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Magnificent Historic Property to Renovate

In Gare, Silves

real estate portugal,algarve real estate,imobiliaria portugal,imobiliaria algarve,buy renovation project silves

  • 11
  • 11
  • 111 m2
358.000 €

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Magnificent Historic Property to Renovate

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Magnificent Historic Property to Renovate

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Magnificent Historic Property to Renovate

Property Details

  • Reference IDH3600
  • Type Villa
  • Certification -
  • Bedroom(s) 11
  • Bathroom(s) 11
  • House area 111 m2
  • Land area 551 m2
  • Zone Gare
  • City Silves
  • Region Faro

Description

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Villa for sale in Gare

**Reduced from 635,000€ to 358,000€**

This wonderful historic property is located in the centre of the village Alcantarilha right in front of its pretty church, it is ideally located within walking distance of numerous restaurants, cafes, shops and local amenities. The local beaches of Armação de Pêra and Pêra are only a 5 minute drive away, as is access to the motorway, making the drive to Faro Airport only 30 minutes.

This property is over 100 years old, thus making it of historic interest for this municipality. Built on 3 floors, it comes with 2 outbuildings and a yard, as well as a small plot of land. The ground floor is comprised of 12 rooms and the first floor of 11 rooms. The interior is still in its original state so it needs a fair amount of restoration. The house maintains its original architecture of high ceilings, worked roofs and wooden shutters.
This house has in the past had a project approved for a local hotel, and it has huge potential to be restored for tourism purposes or for private housing. The approved project had included underground car parking, gardens and swimming pool.

This property is a fantastic business opportunity and must be seen to truly appreciate its charm and potential!

More shows coming soon: London, Glasgow, Manchester, Birmingham and Ireland.

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  • Double Glazed Windows
  • Village View
  • Country View
  • Surrounding View
  • City View
  • Near Beach
  • Near Shopping
  • Near Hospital/Medical
  • Near Schools
  • Terrace

Advantages of Buying & Living in Portugal

Buying 

Ideal Homes Mortgage Department provides free brokerage consulting and can help you arrange up to 90% financing for your property purchase, at competitive rates. Depending on your circumstances you may also qualify for new residency and tax incentives, learn more here

 

Living 

 1. Over 300 days of sunshine per year
 2. International airport with cheap & easy flights to the UK & Ireland - Over 90 a day in high season
 3. High quality construction and best rising property values in Europe  
 4. Option to enjoy a holiday home and have rental returns as high as 14%
 5. Great residency programs and tax advantages
 6. Beautiful beaches and islands 
 7. Fabulous cuisine, with one of the world's largest selections of wine and seafood  
 8. Award winning golf courses, watersports and a never ending list of activities 
 9. Low cost of living with fantastic quality of life and rich culture 
10. One of the world's safest places to live

 

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