Algarve, Faro, Portugal
- PROPERTY TYPE
Hotel
- BEDROOMS
30
- SIZE
Ask agent
Key features
- Bedrooms: 30
- ATM Machine
- Balconies
- Banks
- Built-in wardrobes
- Bus station
- Bus stop
- Cinema
- City centre
- Commercial
Description
We proudly present this magnificent hotel under renovation, located in one of Faro’s most prestigious and sought-after areas, just steps from the Marina and the city’s main tourist attractions. If you're looking for a high-yield asset with excellent appreciation potential, this is your golden opportunity to enter the hospitality sector with a structure ready for success.
With 30 en-suite rooms spread over 4 floors, this hotel blends the charm of historic architecture with the comfort of modern facilities. The full renovation is scheduled for completion in 2025, providing the new owner with a fully renewed, functional, and aesthetically appealing building for both national and international guests.
#128295; Expansion Potential and Versatility of Use
On the ground floor, there's the possibility to create additional rooms or commercial spaces, making this project even more flexible and profitable. The sale is linked to the acquisition of the company’s shares, making the purchasing process more straightforward, fiscally advantageous, and allowing for a swift transition to immediate operation.
#127757; About the Location
Located in downtown Faro, the hotel offers panoramic views of the city and is surrounded by restaurants, cafés, markets, and essential services. Just minutes from the historic center, shopping areas, and public transport, this is a strategic location to attract both tourists and business travelers, ensuring year-round occupancy.
#127974; Tax Benefits and High Return
Situated in an Urban Rehabilitation Area (ARU), the property benefits from significant tax incentives, making this investment even more attractive. Ideal as a boutique hotel, premium guesthouse, or other tourism-related project, this property promises a solid and sustainable return.
#128273; Who We Are
At DS Albufeira Prime, we don’t just sell properties, we create tailor-made solutions for each client. With close, professional, and transparent support, we help turn dreams into reality with total security.
We also offer support in improving and enhancing the property, through renovations, refurbishments, or decoration in partnership with trusted professionals. For those looking to maximize their investment, we offer a complete rental management service, ensuring efficient, safe, and profitable administration.
#128222; Don't miss this rare opportunity in the Faro market. Contact us today for more information and book your visit now. Your next great investment starts here!
Algarve, Faro, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)1.8 miles
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Notes
This is a property advertisement provided and maintained by DS Imobiliaria Albufeira, Faro (reference DSIAP127_127) 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.