Algarve, Faro, Portugal
- PROPERTY TYPE
Hotel
- BEDROOMS
30
- BATHROOMS
31
- SIZE
9,774 sq ft
908 sq m
Key features
- 30 bedrooms
- Total area: 227 sqm
- House area: 908 sqm
- Air conditioning
- Condition: Under construction
- 31 bathrooms
- Construction year: 1961
Description
We present a truly unique Hotel Residencia investment opportunity with this historic building located in the heart of the city
Undergoing extensive renovation work the hotel sale price will include the completed building with a hotel ready to open for business in the first half of 2025.
Set in a privileged position close to all the amenities of the Capital, it’s only a 5-minute walk to the Marina and the boat transfers to the stunning Rio Formosa Islands.
The Hotel building itself is set over 4 floors with an internal staircase leading to all the rooms.
The ground floor will be dedicated to shops and commercial enterprises, providing a variety of business units with options
Above the commercial zone, the remaining three floors will accommodate ten rooms each, all featuring a private bathroom, wardrobes, balcony and air conditioning.
The style is reflective of the vibrant mood around the city and offers comfort in a colorful ambiance
These rooms have delightful views of the city and the Ria Formosa Nature reserve across to the Harbor front.
Gone are the days when people merely flew straight in and out of Faro!
Nowadays the largest populated city in the region and home to the international airport, has become increasingly popular with long stay holiday makers taking advantage of the secret delights within the area.
The old historical walled part of the city features a labyrinth of narrow cobbled streets and classic Portuguese cafes and restaurants right on the doorstep.
Faro is now quite rightly perceived as the Algarve’s gateway to the rest of Portugal, Europe and beyond.
So take advantage of the incredible investment opportunity with this commercial enterprise and its huge potential for growth and profit.
REF: VC1949
Algarve, Faro, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)2.0 miles
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About Vip Algarve Property, Albufeira
Avenida Dos Descobrimentos Apart. Lopes Loja A 8200 - 260 - AlbufeiraNotes
This is a property advertisement provided and maintained by Vip Algarve Property, Albufeira (reference 138050_VC1949) 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.