Land buy in Vale Faro

Land with 4 ruins, 11.53 Ha, located at the summit of Picota and with the possibility of building a luxury Tourist Resort and / or Cable Car with Panoramic Restaurant Feasible Projects (granted by the municipality): - HOTEL UNIT WITH CAPACITY FOR 78 BEDROOMS, designed in a harmonious way, as an integral element of the natural landscape; - THE CABLE CAR connecting the summit of PICOTA to the center of MONCHIQUE. Detailed information on request. There is a 'DECLARATION OF MUNICIPAL INTEREST' (2017) to support both projects, taking into account the fact that they may constitute an ASSET for the TOURIST DEVELOPMENT of the municipality of MONCHIQUE. His property owner even won the prize for presenting the best project for the town and municipality of Monchique. As for its urban dimension, in terms of the existing ruins, they occupy a total area of ​​400sqm, with a building implantation area of ​​215.78sqm. CURIOSITIES: 'Picota viewpoint Picota, with its 774 m of altitude, offers a stunning landscape, although more steep, and one of the broadest and perhaps, most beautiful, scenarios that cover a vast extension of the Algarve coast and the sea. ' cm-monchique (website) «In the center of two great mountains (Foia and Picota), the municipality of Monchique enters history with the presence of the Romans in Caldas de Monchique, attracted by the healing power of its waters. In the following centuries, the mountain was slowly populated and in the 16th century Monchique was already a sufficiently important village to deserve the visit of King D. Sebastiao, who intended to grant it the status of a city. The weaving of wool and linen - the solid surrobecos, orianos and tow from ancient times - among other activities, such as those related to chestnut wood, contributed to the prosperity and development of Monchique, in such a way that in 1773 it was promoted to village. The economic changes resulting from industrialization meant the loss of textile and other manufacturing activities. Today, Monchique is an airy town, turned to tourism, with an active handicraft and a diversified economy... » Wikipedia * County: Faro * Town: Monchique * Parish: Monchique * Location: Picota REF: AV-PBI-916 Location: Picota Area: 115360 m2