15 bedroom property for sale
Olhao, Algarve, Portugal
like this property?Call: 03339 396779
- 15 Bedrooms
- 16 Bathrooms
- Reception Room
- Covered Dining Area
- Laundry Room
- Storage Room
Here you have the opportunity to Purchase a Business right in the heart of Olhao.
The current proprietors have created a lifestyle & business venture that offers independence, financial freedom and complete control.
Below are all of the options and information available;
Olhão is famed for its waterfront location and is surrounded by cafes, tapas bars and restaurants offering breathtaking views over the Ria Formosa and Atlantic Ocean. Olhão has the largest fish and fruit market of the Algarve. The two imposing waterfront red brick market buildings offer a huge variety of fresh fish and sea food and a vast array of locally grown fresh fruit and vegetables.
What sets Olhão apart from other towns in the Algarve besides its waterfront location is its architecture. The succession of square whitewashed houses with flat roof terraces and chimneys, the maze of narrow twisting streets, are a manifestation of its roots in Moorish architecture.
Nearby the markets, daily ferries depart to the Atlantic beaches and the sun drenched islands of Ilha da Culatra, Ilha do Farol, and Ilha da Armona
Our Property is right in the heart of this old historic fishing town.
Location, Location, Location:
A total of 6.4 million passengers used Faro airport in 2015. It is the only international airport serving the South of Portugal. (Algarve)
Our Property is 15 kms from the Faro airport, less than a 20 minute drive on a newly constructed highway. Olhão is also well connected by local trains and buses, both stations a 10 minute walk .
The ferry departure point to the Atlantic beaches and Ilha da Culatra, Ilha do Farol, and Ilha da Armona a 5 minute walk.
Being in the right location has been one of the key ingredients to the success of the business model and lifestyle.
What we offer:
This is a very profitable and enjoyable lifestyle business venture. Established for over 25 years, international tourists are the major market segment. Our customers seek & we offer an affordable, safe & secure location, an experience, not simply a place to stay.
We offer clean affordable accommodation within this 15 room guesthouse. The strategic location & surrounding areas offer the rest. This property has neither a restaurant nor bar. This is seen as another major benefit for this business and one’s lifestyle. Cleaning staff take care of the daily housekeeping requirements’
We are highly profiled on the major booking engines i.e. booking.com, hostel world, Lonely Planet, airbnb and le routard as well as Trip Advisor.
The business is operated February to November. Closed December & January
The property is commercial, freehold with Tourist Licenses. It is being sold turnkey.
There are several business models this business can be operated under being
Self managed by the Owners with 2 to 3 cleaning staff (This is the current management structure)
Managed by a live in hands on caretaker & cleaning staff
The property can also be a 15 bedroom town centre residence with no business activity
Within the property on the top floor is the Owners private apartment showcasing uninterrupted views over the Ria Formosa and Atlantic Ocean. Well equipped kitchen and dining area, office and lounge room, separate bedroom and a bathroom room is ideal and private. This apartment can also convert into 2 bedrooms by opening an adjoining door
The roof terrace also has a private area designated for the Owner with spectacular waterfront views.
http://www.portugalproperty.com Ref: PP1814
- 15 bedrooms
- 16 bathrooms
- Reception room
- Covered dining area
- Laundry room
- Storage room
- Features great views
- Sea view
- Morning sun
- Evening sun
- On the waterfront
- Faro (International), 11.4 miles
*Distances are straight line measurements. This feature is currently in beta.