Nestled adjacent to the hill top church of historical Estoi this unique opportunity has a total area 2500 m2. With two lots including existing structures and land,this could be refurbished into very appealing boutique B&B and running as a lucrative business investment or it could be renovated and remodelled to use as a private space.
2 lots, 1 with two habitations plus an annexe, the second lot has 4 habitations. The total build area for residential is 2000 m2, for a touristic project this can be significantly increased. The Property has a total of four points of entry access. 2 via road and 2 pedestrian entries. The land has abundant natural vegetation, including, fig,carob, lemon and pomegranate trees. The land also has sufficient space to put in a deck and swimming pool, a 3x3 tank is already in situ.
On this project grants can be given by the European Union to finance a project for the tourism sector.
With programmes available like the Golden Visa which is to invest in real estate property of a value equal to or greater than €500,000.00 a temporary residence permit be granted (golden visa) without the need to first obtain a residence visa.
Among the several advantages of the Golden Visa program is the possibility for Golden Visa holders to freely circulate in the Schengen area.
Experts in dealing with such Golden Visa applications means you are on the right track by enquiring now and receiving friendly and professional advice based on your unique circumstances.
On one side of the property, the cobbled stone entry stairway is adjacent to the historical church of Estoi. With picturesque hill top views of the church, distant sea & land views, combined with the enticing scents arising from the indigenous fruit trees, it creates a unique and charming atmosphere which envelops this historical property.
Estoi is a charming village, 10 minutes drive to Faro airport and 40 minutes to the Spanish border. Very much untouched by excessive building and retaining a traditional Portuguese charm. It is also famed for its Roman ruins, a tourist attraction among many other appealing activities such as horse riding and nature walks.
Contact the Property Experts today, who can give you a full conclusive solution to your property matters. We specialise in all aspects of property purchase from rental investment, application for Golden Visa, Non Habitual residence programme through to after sales care.