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Commercial property for sale

C023 Hotel Commercial Building - Porto de Mos, , Lagos, , Portugal

€2,500,000

like this property?

Call: 00351282798645

Key features:

  • Sea View

Full description:

On offer: Commercial Building zoned for Hotel/Tourism. Currently closed, the building is for sale.

Sold as is.

Sold equipped with dated fittings and furnishings, this hotel includes 18 hotel rooms for double occupancy. Also includes lobby, reception, dining area, laundry and commercial kitchen, 2 elevators.

There is no swimming pool, but one can be built (price quoted extra) as well as refurbishments can be done by current owner at an extra cost.

The hotel is 3 floors but built over 4 stories (the ground floor is 6metres in height), there is a current project to alter and amplify the hotel to construct any of the following:

Apart-Hotel with Re-Sale Potential of Indivdual Self Contained Apartments:
- 23 Self Contained Apartments for re-sale or hotel use (2 bed and 3 bedroom units)

Expansion of Hotel:
- to add a 2nd floor and create 9 more rooms within existing imprint

Expansion of Hotel:
- to amplify the current construction via the East and West wing, and create approx 50 Hotel Rooms.

City Hall zoning and Licensing allows for Servcies/Hotel/Tourism exploration (non-residential license).

A Great location with stunning views, just 400metres from Porto de Mos Beach.

This pin shows the general area of the property as the exact location was not given

Nearest Airports*

  • Faro (International), 40.1 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Elite Realty, Lagos

Quinta das Palmeiras, Rua Sra. do Loreto, Lt. 9, Loja A, 8600-683 Lagos, Algarve, Portugal
00351282798645
About Elite Realty, Lagos

YOUR DREAM

Be it an oceanside villa, farmhouse in the country , holiday retreat or investment.

YOUR LIFESTYLE

Drink. Dine. Dance. Golf. Shop. Relax on the beach. We arrange everything from financing to legal advice to furnishing packages. All so you can begin to enjoy the finer things in life.

YOUR AGENT

Be it buying or selling, let us do the work for you! We work with dozens of other Estate Agencies, nationally & internationally to ensure we find your dream property or sell your exisiting one.

Elite Realty have years of experience in the real estate market in the Algarve and also internationally. Our professional approach to property sales in the Algarve, along with our personal touch whether you are looking to buy a property in the Algarve or you have an Algarve property to sell, sets us apart from the competition.

Our portfolio of properties for sale in the Algarve enables us to offer something for every budget, taste and style. We are confisdent that buying or selling a property with Elite Realty will give you the service you require


Disclaimer

This is a property advertisement provided and maintained by Elite Realty, Lagos (reference 89162_C023) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

Elite Realty, Lagos

Quinta das Palmeiras, Rua Sra. do Loreto, Lt. 9, Loja A, 8600-683 Lagos, Algarve, Portugal
or call 00351282798645

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