Description:

NOW MASSIVELY REDUCED FROM 850,000. A fantastic opportunity to purchase a magnificent property with huge business potential.
What this property represents is an Introduction to a dream.
Our plans were greatly welcomed by the Portuguese tourist board as being a restoration and development project this areadesperatelyneeded.
Sadlywe have come to a point in our lives and finances where we can no longer continue with its development. If you have a dream you can benefit from all our work and experience. It will lend itself very well to a central holiday location for people of all walks of life.

The Property is
In this fantastic country setting where you have easy access to and from the main central north/south IP2 highway [only two lanes so relatively quiet] via a good quality tarmac made up road some 500 meters in length which ends at our main gates [It is almost like our own driveway]. The IP2 is a central route through this wonderfully scenic countryside which benefits from many tourists and visitors. We are opposite the Portalegre railway station which is south of the main town [Portalegre] by 11 kilometres. Our reasons for not being able to continue with this project are sadly personal and financial and have nothing to do with the viability of the potential business.
The current council taxes for the whole property combined are less than 600 per year.
There is already a Large popular, very traditional Portuguese restaurant to the side of our property so no urgency in development of this facility the owner has been in this area longer than we have and he runs a quiet and reliable business.
There are included in the sale (seven buildings all with legal documentation/cadernetas) all on our site, which we have owned now for some eight years. It has great potential to continue developing as is. We have not opened it officially for personal reasons. But everything is in place. We are slowing the process of obtaining official recognition with the Camara [Local council offices] as an Alojamento Local or Hotel. All the council departments are being very helpful. It is a GREAT POTENTIAL business property with a great deal of the set-up works and renovations already completed.
Most all of the fixtures fittings and furniture will be included as part of the sale.
The smallest building adjoining our bungalow is currently rented out to Portuguese telecom as an exchange, this rent usually covers our phone and broadband costs.
A small classic currently fully road legal Portuguese car will be included in the sale.
You or your staff are able to reside on site in the separate small single storey bungalow with its own patio. To look after and provide services for your guests.
Or the whole plot could be very easily be returned to its original form as a very nice large family home.
The whole property benefits from mains city water, and full mains [three phase] power.
There is a large feature well in the main upper garden which is used only for watering the lawns and plantings.
It is a Large Country House
The main part of this property is a large (470 m2 ) Country house over two floors, which is currently being set up to be an Alojamento or Hotel it has eight en-suite bedrooms. All recently completed and ready to let. The front four having the best, most relaxing, views over open countryside. Current set up are 3 Doubles; 2 Twins; 1 single; 1 Family room (4 persons); 1 bunk room (10 persons). There is a lounge/bar downstairs occupying half the ground floor. It is more than big enough to hold all potential guests for breakfast or other meals. The lounge/bar has two adjoining rooms one is an office the other is the toilets and shower for potential campers. The other downstairs half of the house has a small kitchen/washing machine room, but has plenty of room for further development to a large commercial kitchen. Should this be required.
There is a Separate Bungalow
A 65 m2 bungalow, our personal residence, originally built in 1974 has recently been totally modernized and improved it comprises of a lounge; kitchen; bathroom; one bedroom.
There is a Vast Separate Garage/Workshop
On site is a large vehicle workshop with pit, capable of housing easily six cars, used currently for owners hobbies repairing and maintaining all aspects of the property and its development. The workshop is equipped with benches and shelving etc and is over 195 square meters in size. It has attached to the side a small room with very private courtyard, which could easily be more accommodation whether for staff or guests.
Part of the property includes a Large Warehouse
Also on the site there is our large secure storage warehouse approx 300 m2 at 8 meters high, with four large access doors (See plan) some doors which lead into the main property garden could be closed off if you wanted to sell it separately. We have used this building as rented space in the past but is currently used to store our personal goods.
Part of our original plan was to convert this large building to either 4 luxury large apartments or a music venue.
Development Potential
Finally two other very spacious old buildings/groups of buildings, exist on site being approx 450 square meters in ground area. We very recently decided to apply for planning to remove these, as part of a development plan The area size allows for the addition potentially, of six one or two bedroomed self contained bungalows around the lower perimeter of the garden. [See Sketch] Permission is pending and tied to the demolition papers therefore whatever new builds are going to be erected are included. [this make obtaining permissions much simpler and cheaper overall].
Of course alternate uses of the square metres would at this stage be possible, the idea of a large pool or just the complete removal and clearance of old buildings turning the whole area over to extra garden space.
Additional Information
We purchased this property and have renovated and repaired to good modern standards. Part of the renovations involved the new construction of and the replacement of an outdated septic tank, with a very clever large discrete design with a grey and black water separation and filtration system fully connectible with excess capacity for any additional building development.
We are even including some land opposite which has been used by campers and the occasional motor home but this facility could be developed much further than we can currently afford. Basically we have run out of funding to continue this project forward we know the area is crying out for this facility to be available to service the general public.