€850,000

Exceptional Development Opportunity in Silves with PIP communication from the townhall to built a Tourism Project of 24 Homes + Campsite of 45 spots + Restaurant, Pool and Detached Villa. Located in the serene countryside of São Marcos da Serra, within the municipality of Silves, Algarve, this expansive 17.69-hectare plot presents a unique investment opportunity for tourism development in one of Portugal's most picturesque regions. Development Potential - Confirmed by the local townhall that it is possible to built the project This property comes with a "PIP", which is the pre-communication from the townhall confirming what the construction possibities are on this plot. This is a strong foundation to submit a more detailed plan and request the approval to built a profitable tourism venture: Development potential - According to the current "PIP" the following can be built: - Touristic Village: approved for the construction of 24 houses, each featuring 2 bedrooms. The design leverages the natural topography, providing open views over the surrounding countryside. - Communal pool - 1x Main Residence of a total gross construction area of 375 m², which can serve as the owner's residence and/or reception area. - Caravan park, featuring 45 designated plots. Each measuring 60 m², suitable for caravans or campervans. Including essential facilities: two service areas, reception, and sanitary installations, ensuring comfort for guests. The diversity of projects offers the flexibility to develop a mixed-use tourism complex, combining holiday homes and a campsite, catering to a diverse clientele. With the "PIP" in hand, the next step is to deliver the full project to the townhall an get a full approved project to then request the building license and start building. Infrastructure and Utilities The property is equipped with a borehole, ensuring a reliable water source. Mains electricity is available nearby, with the possibility for the new owner to establish a connection. The plot is accessible via asphalt roads up to the entrance, with good connectivity to the IC1. Location and Surroundings The quaint village of São Marcos da Serra is just a 5-minute drive away, offering basic services. Larger supermarkets and additional facilities are accessible within 15 minutes, while the Algarve's stunning coastline is a mere 30-minute drive. The property's elevated position provides panoramic views of the Algarve's rolling hills, offering a tranquil environment ideal for a tourism retreat. Investment Highlights - Strategic Location: Situated in a region renowned for its natural beauty and outdoor activities, appealing to tourists seeking relaxation and adventure. - PIP: With a PIP in hand, the first steps towards development have been made, reducing time to start construction. - The combination of holiday homes and a campsite allows for diversified revenue streams and the ability to cater to various market segments. Interested? Contact us today and schedule a private viewing.