Unique Plot Of Land For Sale On Silver Coast


Listing ID: 700112720

Listing Title: Unique Plot Of Land For Sale On Silver Coast

Quick Link: http://www.globalbx.com/listing.asp?bId=112720

Industry: Hotels and Holiday Accommodation

Industry Segment: Guest Houses / Bed and Breakfast

Country: Portugal

State / Province:


City: Cadaval

Asking Price Range: < $250K

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2009

Number of Employees: 1 - 3

Business Description:
We have for sale a unique plot of land measuring 3,000m2 located within Cadaval area of Portugal's beautiful, Silver Coast region. The land is rustic registered and stands alone with fantastic, un-interrupted views over numerous fields supporting grape vines. Plans have been drawn up by a respected architect and passed by the council (cămara) to construct a 244m2 property. It can trade as a guest house with five, en-suite bedrooms plus owners, private accommodation, separate lounge, dining and kitchen areas, all of generous size, although it also allows for a complete family home should this be the preference. Once completed, you would register the land as urban thus increasing the value. All the hard work has been done in respect of planning (rural to urban) and the sale includes fully paid fees for the lawyer to prepare a building contract, the architect to complete the project including any alteration, the structural engineer through to completion and an English speaking project manager, again to completion. These services along would cost in access of €10.000, but also included within the sale is a .com and .co.uk domain name, which has yet to be hosted, for use with the guest house. Portuguese building regulations are changing shortly, resulting in rural/rustic land not being available to build on, thus protecting the environment and controlling future development expansion, consequently, plots of land of this size and outlook will be impossible to find. A change in our personal circumstances is allowing someone the opportunity to complete a very prestigious project in a beautiful part of Portugal, with several beaches in close proximity. At this stage of the project, the asking price will be €75.000 but if the build progresses any additional costs will be taken into consideration.For serious parties to gain additional information, please contact us by email or phone (00351) 916855225.

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