Land for sale in Silves, Portugal — €2,500,000

Land overview

Land classification in this area is urban. Review the details to better understand this land classification and confirm the relevant considerations before making a decision or planning your next steps.

About this land

Original listing description, in Portuguese.

This amazing plot located near the Ribeira do Arade Dam, with a total area of 174 hectares, set in a natural environment of great tranquillity and high scenic value. The land is mainly composed of cork oak woodland, arable crops, carob trees, olive trees, eucalyptus, citrus orchards and areas of scrubland, integrating an active agricultural operation. There is an existing ruin on the property, currently used as support and storage for agricultural equipment. A licensing process is underway, with a previously approved Preliminary Information Request, for the construction of a Rural Tourism Development or 4-star Hotel, with a total construction and implantation area of 2,000 sqm, distributed across three buildings, comprising 36 double rooms with a total capacity of 72 beds, reception, restaurant, a cultural building, swimming pool, children’s playground and parking with 42 spaces. Alternatively, there is the possibility of residential construction through the expansion of the existing building, up to a maximum of 300 sqm, subject to legal framework and approval by the competent authorities. The property is mostly located within an area classified as National Ecological Reserve, ensuring high environmental and landscape value. Agricultural activities, nature conservation actions and support infrastructures are permitted, subject to licensing by the CCDR, ICNF and APA, taking into account the proximity to the watercourse and its protection buffer. Feasibility studies have also been carried out for the implementation of a wind farm and a photovoltaic power plant, reinforcing the potential of this property for sustainable agricultural, tourism or renewable energy projects in one of the most attractive regions of the Algarve.