HOUSE

Renovatable rustic house on amazing finca with newly planted vineyard and olive grove located in Binissalem.

€ 1.950.000

This extraordinary property on an exceptional plot of land in Binissalem offers a multitude of projects, making it a wise investment opportunity. The property is strategically located between Alaró, Consell, and Binissalem – creating a highly desirable location. The prime land is perfect for vineyards, olive trees, and fruit trees, and boasts a flat, well-maintained plot with favorable soil conditions for cultivating vines. The vineyard has planting rights and a year's investment, offering a quick return on investment since it is primed to produce within one or two years. With its denomination of origin Binissalem, this land has been producing wine since 121 BC. This expansive property spans 8.8 hectares, including 3.7 hectares of black grape vines such as Cabernet and Merlot, which will be ready to harvest for next year's yield, as well as Sauvignon white grape vines, which will reach maturity in two years. The land also comprises 2 hectares of fruit trees and 300 olive trees, providing a regular supply of outstanding olive oil.

The property boasts three buildings, including an old building that can be renovated as a two-bedroom house with an additional room on the upper floor, a kitchen, a pantry, a bathroom, and an agricultural warehouse. There is also a separate room with a porch, as well as two additional agricultural warehouses. The property has two entrances, providing excellent connectivity to different roads, and is fully equipped with electricity, three water sources, and a large deposit (safareig) of 100 square meters. Furthermore, the property boasts three wells, including a recently dug 140-meter-deep well, ensuring sufficient water for irrigation during the summer months.

Numerous reform projects can be undertaken on this property, including the construction of a two-story house, a wine cellar at the entrance of the plot, and an oil mill (tafona). The possibility of a terrace on the old waterwheel, raised to the level of the water tank (safareig), adds the possibility of a circular terrace. An experienced Majorcan consultant will oversee the vineyard project and has extensive experience in planting new vineyards, having participated in multiple projects all over Majorca for over 20 years.

This is an incredible opportunity to acquire a versatile property that offers a multitude of possibilities for development. It is a must-see option for anyone looking to invest in the agricultural sector.