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15 bedroom property for sale

€885,000

Olhao, Algarve, Portugal

like this property?

Call: 03339 396779

Key features:

  • Commercial
  • 15 Bedrooms
  • 16 Bathrooms
  • Furnished
  • Reception Room
  • Terrace/balcony
  • Covered Dining Area
  • Bbq
  • Laundry Room
  • Storage Room

Full description:

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;

Destination:

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.

Management options:

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

Lifestyle:

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



Property Features
  • Commercial
  • 15 bedrooms
  • 16 bathrooms
  • Furnished
  • Reception room
  • Terrace/balcony
  • Covered dining area
  • BBQ
  • Laundry room
  • Storage room
  • Spacious
  • Features great views
  • Sea view
  • Morning sun
  • Evening sun
  • On the waterfront

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

Nearest Airports*

  • Faro (International), 11.4 miles

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

To view this property or request more details, contact
Portugalproperty.com, Vilamoura

Avenida da Marina Urb. Marina Plaza Bloco 26B Fracção C Vilamoura 8125-401
03339 396779  Local call rate

Disclaimer

This is a property advertisement provided and maintained by Portugalproperty.com, Vilamoura (reference 72227_PP1814) 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:

Portugalproperty.com, Vilamoura

Avenida da Marina Urb. Marina Plaza Bloco 26B Fracção C Vilamoura 8125-401
or call 03339 396779
Calling from outside the UK? 0044 800 014 8201

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