Our property for sale in the algarve Quinta das Palmeiras which is a country residence which is ready for occupation, either as a beautiful family home or a commercial venture. It would be an ideal business base for anyone requiring space and storage, and would also be suitable for high-end holiday letting and could potentially be developed.

The property consists of:

A primary 4 bed residence which is a traditional Portuguese farmhouse, fully modernized with all services.

Annex games room which is prepared for conversion to a 2 bed apartment

Separate 2 bedroom apartment attached to 300m2 of storage facility with potential for development.

Main Residence

The main house comprises 4 bedrooms, living room (w/underfloor heating) and wood-burner, dining room & wood-burner, 2 bathrooms, 1 WC/shower room, 1 WC, kitchen and utility room. There is a separate 60m2 building which is currently in use as an office and games room but is prepared for conversion to an independent 1 bedroom apartment.

Outside the main house, on the upper terrace, is an exterior living area, BBQ and kitchen. On a lower level there is a lawned garden, heated pool and Jacuzzi and in a separate area there is a dedicated vegetable garden.

 Land

Two separate parcels of land make up a total of 2 hectares. There is a 500m2 stable block and the upper fields are divided by post and rail fencing. Below these fields is an area with 200 orange tress of varying species giving fruit 9 months of the year.

A well provides all the water needed for the houses and land although mains water is also available.

Price

A recent bank valuation values the property at €1,100,000 for borrowing purposes. As the ownership of the property is held in a limited company there is an option to purchase the shares, meaning there would be no liability for IMT, representing a saving of 6%.

Arial view of the buildings

The view below shows the existing residential area and the separate apartment and storage area which could potentially be developed in the future. A natural boundary exists between the two areas and there is separate access as shown.

2 Bedroom apartment

On the same plot but with different utilities is a building which at present comprises a 300m2 warehouse plus a separate self-contained apartment comprising 2 bedrooms, 2 bathrooms, kitchen, living/dining room and large terrace.

FUTURE OPTIONS FOR DEVELOPMENT 

Provisional approval for the separation of the property has been given and this would produce several options for development.

The existing house and land would remain and become a property with 4 bedrooms in the main house and a two bedroom guest annex

A second independent property could then be built as:

A private property of up to 500m2 with pool and private garden –for future sale or rent

or Individual units to be used for holiday renting with a communal pool and dining area.

More information and the prices will be on our main website.

However we are woking on the website, and it will be finished very soon.

Kind regards, 

property in the algarve for sale

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Activities

The calm atmosphere at this island invites from all backgrounds to enjoy its idyllic beauty and various activities on offer. The beaches with their abundance of water sports may appeal to a certain class of people while others may be fascinated by the hiking and trekking opportunities on the island. A bustling nightlife is usual at Agistri as there are quite a few restaurants and traditional tavernas located on the island.

Accommodation

There are several hotels and apartments to choose from in order to enjoy a relaxed holiday at Agistri. The facilities offered by hotels are up to par with the quality offered internationally as despite an abundance of beaches, most hotels have private swimming pools to accommodate their visitors. A dedicated concierge at these hotels ensures that their visitors choose the best options with which to spend their time, making them guaranteed tourists for life, for it is a spot many like returning to year after year.

Pictures of Agistri provide ample evidence of the scenic beauty one misses out by not travelling to Agistri for the holidays

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