For improved printing use the print button on the page

print button

Commercial property for sale

€4,500,000

Portugal - Albufeira Algarve

like this property?

Call: 03339 396379

Full description:

A unique opportunity to purchase a substantial 3 * Bed and Breakfast/Pensao  which has been run by the same family for 34 years building up regular clientele and a reputation with UK  Holiday companies.
Situated on the Cerro Grande with stunning views over the Bay of Albufeira (Fisherman’s Beach) and the old Town, in a residential area close to the Old Town, the new Marina and with shops, bars and resaurants all within walking distance.
This unusual property has a total of 41 rooms each with a private bathroom and split as 32 twins, 2 singles, 6 triple/family rooms and 1 studio giving a total of 88 beds. There is also a Bar and Restaurant, staff apartment,  laundry, adjoining hairdressing salon (leased), Reception and Office.  The gardens have mature Mediterranean plants and you can enjoy sea views from the large sun terraces and swimming pool deck.
A well maintained, older property with many unique features, the rooms are all of a good proportion, with basic furnishings. The plot is approximately 4,000 square metres (to be confirmed).
The Bar has traditionally been run in the manner of an English Pub and can seat 80 people, previously open to both residents and the pubic and has two bathrooms and satellite tv.
The Restaurant can seat around 45 people and has a small catering kitchen.  Both the Bar and Restaurant are now closed.
Unfortunately the business has had to close due to ill health and is no longer trading, however both Thomson and Thomas Cook have expressed interest in continuing with their previous contracts. The property is privately owned, and a mortgage may be available to suitable applicants from a local bank who has knowledge of the historic good standing of the business.
This is an excellent proposition for those looking for a business venture in an excellent area for the holiday trade.  It can easily be upgraded and refurbished.  Or an opportunity to redevelop the existing building into apartments in this popular area of Albufeira.
Note:  some of the photo images are taken from tour operator brochures.


REF: YAP262

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

Nearest Airports*

  • Faro (International), 27.5 miles

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

To view this property or request more details, contact
Ideal Homes International, Portugal

Vila Sol, Alto do Semino Lote E, Loja 1, 2 + 3 8125-307 Quarteira
03339 396379  Local call rate
About Ideal Homes International, Portugal

At Ideal Homes International we specialise in assisting people like you in purchasing property overseas. With a combined understanding of the market of over 100 years, our team has an unrivalled knowledge, making us experts in the field when it comes to finding the right property for you.

Consistent and ever improving quality and service is at the forefront of our campaign for excellence in the customer service department.

Our objective is to deliver a service that far beyond exceeds expectations. Above all, we are a company that cares - about its people, about its effect, about its reputation, and about always offering and finding the “ideal” solution when it comes to buying property abroad.

The foundations of our company are firmly set giving all our future clients, working partners and staff the benefit of a rock solid base in which they can trust and believe in.

We are pleased to offer all our clients the opportunity to see their potential dream homes first hand with our tailor made Viewing Trips, in any of 4 beautiful locations, Portugal, Italy, Spain & Florida.

The trip includes:

Return flights for two adults from an airport of your choice direct to chosen destination.

Individual airport transfers on arrival and departure

Accommodation in a luxury hotel (minimum 3 stars), including breakfast

Free legal advice from an independent property lawyer

Free financial advice from an independent mortgage brokerage

Rental and property management presentation

Exclusive service; advice and guidance from one of our experienced Property Consultants

You will be shown the different areas and visit as complete range of properties as possible that are both in your price range and ones that you have expressed an interest in viewing.

Over the course of the trip when you make your decision on whether this is for you or not, we will explain all the details including total costs, annual costs, legal formalities, flight offers, furniture, letting potential, in fact everything for “YOUR NEW HOME OVERSEAS”.

For more information on viewing trips and why this is the best solution to finding your house in the sun feel free to call our offices where one of our friendly helpful members of staff will explain the whole process.

Tel: 00351 289 513 434 / 0800 133 7644

Email: enquiries@idealhomesportugal.com

We are a fully licensed Real estate agency with Head offices in Vila Sol, Portugal:

Vila Sol, Alto do Semino
Lote E, Loja 1, 2 + 3
8125-307
Quarteira


Real Estate Licence No. AMI-9540

What are you waiting for, we want to help turn your dream into a reality!

The team are looking forward to hearing from you!


Disclaimer

This is a property advertisement provided and maintained by Ideal Homes International, Portugal (reference 98429_YAP262) 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:

Ideal Homes International, Portugal

Vila Sol, Alto do Semino Lote E, Loja 1, 2 + 3 8125-307 Quarteira
or call 03339 396379
Calling from outside the UK? 00351289513434

Spotted an error?

In order for us to help our agents maintain accurate and up-to-date information please inform the agent if you have noticed an error with this property. If you are the vendor, please contact your agent directly.

Tell us what you think!

If you see any issues or would like to suggest improvements please send us your feedback .

We use cookies to optimise your experience on our website. If you continue we'll assume that you are happy to receive our cookies. However, if you would like to, you can change your cookie settings at any time.

Continue