11 Bed Villa in Silves, Central Algarve

**Reduced from 635,000€ to 358,000€**This wonderful historic property is located in the centre of the village Alcantarilha right in front of its pretty church, it is ideally located within walking distance of numerous restaurants, cafes, shops and local amenities. The local beaches of Armação de Pêra and Pêra are only a 5 minute drive away, as is access to the motorway, making the drive to Faro Airport only 30 minutes.This property is over 100 years old, thus making it of historic interest for this municipality. Built on 3 floors, it comes with 2 outbuildings and a yard, as well as a small plot of land. The ground floor is comprised of 12 rooms and the first floor of 11 rooms. The interior is still in its original state so it needs a fair amount of restoration. The house maintains its original architecture of high ceilings, worked roofs and wooden shutters.This house has in the past had a project approved for a local hotel, and it has huge potential to be restored for tourism purposes or for private housing. The approved project had included underground car parking, gardens and swimming pool.This property is a fantastic business opportunity and must be seen to truly appreciate its charm and potential! - REF: IDH3600