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Mixed Caravan Park Park In Algarve, Portugal For Sale

VILA NOVA DE CACELA, Faro, Portugal
Asking Price:
Undisclosed
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

Developed for 85 pitches to include 82 privately owned units and one vacant pitch
Pending planning application to expand the park by an additional 72 pitches
Sub-letting is permitted and provides a good revenue stream
Holiday park with capacity to accommodate 114 motorhome, touring or camping pitches
Three holiday cottages
Three staff studio accommodation units
Buildings include reception/office, workshop and two toilet and shower blocks
Restaurant currently on concession
Outdoor swimming pool
Approximately 9 hectares (22 acres) in total

Property Information

Real Estate:

Real Property Included

Location:

Caliço Park is located on a gently sloping south facing hill overlooking the village of Vila Nova de Cadela and with sea views in places. Award-winning beaches of Fabrica and Cacela Velha are close by.

The area is known for its tranquillity, making it a popular choice amongst retirees seeking a peaceful lifestyle, in contrast to the coastal tourist towns such as Albufeira.

The park is signposted from EM1246 and is accessed via an unnamed tertiary road. The park entrance features a wide-spayed layout with electronic security barrier leading to an internal network of mixed surface roads.

The nearby A22 provides access to Portugal’s motorway network and links easily to Spain, only 20 minutes away.

Premises Details:

The mobile home park comprises 82 privately owned units, eight of which are permanent timber structures the remainder being mobile homes and one pitch is vacant. A licence application for an additional 72 pitches is in progress. In addition, the park permits subletting; we are advised that during the 2023 season, 16 homeowners sublet their properties.

The camping area is divided into three principal sections; Cabeço has 48 electric hook-up points situated on relatively level land and a derelict dwelling occupies a space on the boundary. The second area is known as Vale; this a steeply undulating valley with 66 electric hookup-points. Within the two areas are two motorhome service points.

The final section is the western area which runs to the north and south of the reception and pool and currently has 84 occupied plots and two vacant plots.

The business generates income from the annual pitch fees, sale of units, commissions on second hand sales, subletting of rental units, camping receipts, swimming pool charges and the restaurant concession.

Contact us for further details.

Business Operation

Expansion Potential:

The park falls under the jurisdiction of Câmara Municipal de Vila Real de Santo António.

We are advised that the site operates with the appropriate permits and a planning application is currently in progress to expand the licensed area which would increase the capacity for homes over a further 1.2 - 1.6 ha (3-4 acres), if successful.

Reasons for selling:

This is a retirement sale