4 bedroom Villa for sale with countryside view with Income Potential in Barao de Sao Joao, Lagos, Algarve

1,400,000 EUR      1,204,000 GBP 1,512,000 USD

Reference: 236559

  • Bedrooms: 4
  • Bathrooms: 5
  • Floor Size: 606 m2
  • Plot Size: 6.81 hectares / 16.82 acres

Features

  • Renewable Energy
  • Possible Extra Dwellings
  • Potential for Income
  • Countryside View
  • Private
  • Quiet Area
  • Parking
  • Turn Key Good Condition

Details

Full of character and charm and with great potential, this spacious 4 bedroom villa has a total living area of 606m2 and is set within a quiet setting on a large plot of 6.8 hectares, with ample room to instal a swimming pool and with a large piece of national forest, a number of existing buildings, which feature a commercial building which was once a very popular restaurant regarded as one of the most unique in the Algarve with a loyal customer base. There is also a service building for staff which is now a comfortable studio, as well as a 3 bedroom detached house that was used as the family home.

The commercial space must be retained and requires the new owner to consider it for touristic purposes. A project for rural tourism is probably the way to go and this opens up the potential to either be a restaurant again or a glamping site or a retreat in an area that is already popular for such activities.

The location is perfect for privacy, yet is within walking distance from the nearest village. Both south and west coasts are within reach, by walking cycling or driving.

The property is set up to be self-sufficient. It currently has mains electricity, but could easily have a solar system installed to be totally off-grid.

This is turly a piece of Paradise with excellent income possibilities.

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