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One Of A Kind Farm In Faro, Algarve For Sale

Faro, Portugal
Asking Price:
€3,500,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

- NEW IN MARKET –

Family owned since the 70’s, has a total area of 169.750 sqm (17 ha) with possibility of expanding the farm. Amazing location between the coast and the hills, it’s in a quiet and noble area.

The greenhouses are majority in Algarve typical wood design but also steel frame in total 110.000 sqm (11 ha). All this area is watered by 3 hightech hydroponic systems and is ready for planting. Has plenty of water coming from three licensed boreholes.

Includes 1.160 sqm of building area including warehouses, cooling chambers, food hall, offices, workshop, toilets and other constructions all legalized in 2022 at the City Hall. Also has 750 sqm of covered areas for machinery parking.
There are around 850 sqm of housing for workers available. The total building area is over 2.000 sqm.

Regarding real estate value there's a possibility of building an additional 2.000 sqm hotel on a high part of the farm, thus creating a total sum of around 4.000 sqm building area.

Easy access to A22 highway ( 5 km/ 6 min drive), Faro city ( 7 km/ 10 min drive ) and Faro international airport ( 10 km/ 12 min drive).

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Business Operation

Reasons for selling:

Age

Employees:
77
Years established:
50