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Commercial property for sale

Portimao, Algarve, Portugal

€3,400,000

like this property?

Call: 03339 396779
  • Description
  • Floorplans (0)
  • Map

Key features:

  • Commercial
  • 35 Bedrooms
  • 38 Bathrooms
  • Air Conditioning
  • Furnished
  • Reception Room
  • Terrace/balcony
  • Laundry Room
  • Character Property
  • New Development

Full description:

Built from the ruins of the former part of the old city wall of Portimão, this new building was built integrating the current comfort and technology with the ancestral architectural testimony of the wall that was preserved and highlighted as its differentiating element.

The new building is situated in the old center of Portimão, on the same street as the Conservatory of Music, Theater Tempo, the Mother Church, an area with a strong cultural component.

The project and construction respected the old wall that is integrated in the new structure valuing it, which consists of a Hostel with 35 rooms and maximum capacity for 106 people. It has a catering area that can be used independently of the room service, and can constitute a business generating unit as a Restaurant in addition to the lodging. In the same space, there is a grocery store with furniture restored from an old grocery store on site, for the sale of local regional products and Merchandising artifacts, forming another business generating unit. These three components of the business are duly defined in the economic feasibility study of the investment.

Energetically the construction has obtained the best possible classification, Class A, due to the quality of materials and equipment used, from lighting, to air conditioning, soundproofing, water heating, Wi-Fi network and structured LAN, elevators, all contribute to this excellence in quality, which translates into comfort and economy in its use.

The D'Art Boutique Hostel, a registered trademark, can serve as a privileged form for its neighbors of culture (the Theater O Tempo) and education of the city (Conservatory of Music that awaits equivalence to higher education), as a preferential housing unit for its goers, artists and students.

 

 

Ref: PP3192

Property Features

  • Commercial
  • 35 bedrooms
  • 38 bathrooms
  • Air conditioning
  • Furnished
  • Reception room
  • Terrace/Balcony
  • Laundry room
  • Character property
  • New development
  • Near bars/restaurants
  • Near schools
  • Near shops

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

Nearest Airports*

  • Faro (INTERNATIONAL), 32.9 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_167189) 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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