Land for sale in Silves, Portugal — €800,000

About this land

The property consists of two farms with greenhouses producing red fruits, located just 1 km apart.One property comprises 3 adjoining plots plus 1 leased plot. It has a borehole, water tank, containers, a canteen, and other facilities.The other property consists of 5 adjoining plots and also has a borehole and water tank.Both properties feature flat land with fertile soil suitable for agriculture. They are supplied by the Silves dam irrigation perimeter (with pressure and meter).The total greenhouse area is around 6 hectares.1 - Property with 23,400 sqm + leased land area of 20,500 sqm (leased The property consists of two farms with greenhouses producing red fruits, located just 1 km apart.One property comprises 3 adjoining plots plus 1 leased plot. It has a borehole, water tank, containers, a canteen, and other facilities.The other property consists of 5 adjoining plots and also has a borehole and water tank.Both properties feature flat land with fertile soil suitable for agriculture. They are supplied by the Silves dam irrigation perimeter (with pressure and meter).The total greenhouse area is around 6 hectares.1 - Property with 23,400 sqm + leased land area of 20,500 sqm (leased for 15 years, ending in 2030). Total 43,900 sqm.2 - Property with 24,359 sqm.In the next 12 months, red fruit production is expected to reach 150 tons.The companies are members of a producers’ organization that sells all the fruit.Equipment includes:- Tractor- 2 sprayers- A recent Iveco van for fruit transportProjected annual revenue is 1,000,000 euros.It should be noted that there is ease in purchasing additional adjoining plots.(ref BI-PS1149)