Excellent opportunity for B&B

€1,275,000

27 Rooms
26 Bedrooms
20 Bathrooms
971 m² Total surface
621 m² Living area
4,462 m² Plot surface

Description

Excellent property to invest given the construction area, the possibility of alteration and expansion, and the excellent location with good access. The building is set in a plot of 4.462 sqm, with a construction area of 971sqm and a deployment area of 971sqm, and it develops mainly on the ground floor. The building functioned for several years as a prestigious 26-room inn. It presents a layout with numerous possibilities, consisting of a hall and reception, office, restaurant, bar, staff canteen and a laundry room. At this moment, the building needs renovation works, and there may be a possibility of extending the total construction area up to 3.123sqm, as well as an eventual expansion of the second floor. Given its location, there are several investment opportunities. As a property for investment, a barter analysis is considered. More information will be provided on request.

Engel & Völkers Albufeira

+351 289 572 450

Your advisor: Cristina Santos

Property ID: W-02HU56

Location: Pêra, Faro District

Building located in a privileged area in the central Algarve, with excellent accesses and in close proximity to the most famous beaches in the Algarve, as well as numerous services and amenities. Easy access to the A22 motorway and approximately 30 minutes’ drive to Faro International Airport. Approximately 2h30 to Lisbon by the A2 motorway and Lisbon International Airport (exit nr. 5 from A2 to A12). Only 10 minutes from the Water Themed Park “Zoomarine Albufeira”. Approximately 20 minutes’ drive to Hospital Privado in Albufeira.

Commission details

Availability upon agreement. This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, change of price or withdrawal without notice. Taxes, notary and registry fees must be paid by purchaser, the commission by the seller as stipulated by Portuguese regulations.