2 Farms and Estates in Alter do Chão

Great investment and business opportunity with the possibility of a 3 years payback.

Rural hotel overlooking a lake and the Alentejo plains, completely isolated and immersed in nature. Currently with 76 beds and admissibility for the construction of another 124 beds, already with a modern architectural project.

Surrounded by a farm with a 56.94ha lake with cows and horses near Vila do Crato in Portalegre, 200km from Lisbon and 180km from Coimbra. The existing infrastructure includes the main building and bedrooms, swimming pool, gym, hunting lodge / restaurant / bar, office, 2 riding stables and an ultralight aircraft runway.

- Main building:
2 Single Rooms, 9 Twin Bedrooms, 14 Triple Bedrooms, 7 Suites - Total of 76 Pax
Total construction area - 3217.00 m2
- Swimming Pool: 10m x 22m
- Hunting Hall/ Restaurant / Bar: Construction area - 236.00 m2
- Office: Construction area - 267.00 m2
- 2 Equestrian Arenas: Total area - 1200.00 m2
- Ultralight Aircraft Runway: INAC - Approval 016/2009 - 612m track
- Football/futsal/tennis field
- Areas for the reception of animals (dogs, birds), Skeet shooting
- Non-polluting Water Sports

The City Council of Alter do Chão issued a favorable opinion, in accordance with the PDM framework, for the construction of new apartments with a maximum capacity of 200 beds. Following this, there is already an architectural project for the construction of another 42 apartments, resulting in an additional area of 4,335.00 m2 and for another 124 guests, in a total of 200.

In addition to the construction area already mentioned above, the construction capacity that is allowed in the PDM for this plot corresponds to an addition of 16,000.00 m2 for other purposes than hotels/residential. We highlight as an example a wine cellar or olive oil mill, a stage for festivals or any other purpose.

Through portuguese investment incentive programs, such as the ’Linha da Qualificação da Oferta’ or the ’Inovação Produtiva’ program, we are facing a great investment opportunity that could have a return on investment in about 3 years depending on the business model applied.

When the hotel was open, it contemplated accommodation, catering and various recreational activities from canoeing, SUP, balloon rides, horseback riding, quad biking.

The electricity, water and sewage infrastructures are all functional. In terms of heating it has VRV systems and independent units in all rooms. The suites, have a fireplace besides the AC.

All valid and up-to-date documentation (CPUs, CPR, CPP, License of tourist resort and energy certificates).

Single storey house of typology T3 with 55m² inserted in a land with 200m², located in Cunheira, municipality of Alter do Chão.

It is a ground floor building intended for housing, comprising a hallway, 4 rooms, a traditional fireplace and a patio with 47m².

It also has an autonomous fraction intended for trade with 55m², with corridor, 4 divisions and patio with 43m².

Its location offers good access, close to the parish’s main roads, namely the EN369 and M532, which in turn connect to the IC3 and IP2.

If you need it, I have credit solutions tailored to your dream home. One of the most important decisions of your life, you should have the help of an expert in the field. With me, all your questions will have an answer.

For more information, documentation or scheduling visits:

José Berrucho Consultor Imobiliário / Gestor de Processos Equipa de Desinvestimento Remax + Grupo Vantagem ArrábidaPhone: (+ (phone hidden) custo de Chamada para rede móvel Nacional)
Email: (email hidden)
Webpage: www.j_berrucho/remax.pt WebSite: ImoveisBanca.com

Alter do Chão is a quiet Alentejo village, in the District of Portalegre, with very ancient origins, where peace of mind reigns.

Alter has an elegant and important heritage, divided between its pleasant white houses with colored stripes, one or two floors, with cobbled and tree-lined streets, where beautiful manor houses from the 17th and 18th centuries coexist.
There is much to discover, such as the Castle, the Church of Nosso Senhor Jesus do Outeiro, the Church of Misericórdia, the Capela de Santana, the Church of São Francisco, the Church of Nossa Senhora da Alegria, the Church of the Convent of Santo António, or the Chapel of Santo António dos Olivais.

However, Alter do Chão is well known for its stud farm, founded in 1748 by D. João V, with a view to breeding Lusitanian horses for the Picaria Real. Nowadays, the Alter do Chão Agricultural Professional School, the Portuguese School of Equestrian Art and a branch of the University of Évora, among many other assets, operate here.