, Monchique, Algarve, Portugal | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

€690,000

Monchique, Algarve, Portugal

96,880 sqft

Listed By: Exclusive Living Lda - Nif 507 528 166

Listed On: 12/14/2024

Listing ID: GL12011847 View More Details

Description

High potencial is best titel for that property located in Monchique, Algarve, south Portugal. The land is 800 metres above sea level and gieves great views on all Algavre. It is situated on a south-facing slope. There are numerous water sources, including the well known tourist destination of Fonte Santa. The land includes some flat areas ideal for agriculture. The plot is close to the National Road 125, which leads to the peak of the Algarve - the Foia Mountain. There is a lot of tourist traffic during the whole year. There are numerous car parking facilities available to accommodate tourists. In addition, the area is suitable for building, after the project has been approved by the local council. Applications are accepted for * (TER) Turismo em Espaco Rural (500 m2 for residential use and 2000 m2 for other uses) or a hotel with a minimum rating of three stars. The maximum number of beds that would be allowed is 108. In the past was approved (PIP) Pedido de Informação Prévia, to build hotel with 50 rooms and construction permission 5 000 m2. The locality is marked on a map of cycling, walking and motorbike routes. Many tourists are attracted to the area by the stunning views and the water. The nearest essential services, including a grocery store, pharmacy, doctors, fire department, petrol station and school, are in 6km from the property. Distance form airport 90 km Distance to the beach 32 km

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