Algarve, Portimão, Portugal

Our property, located in a former historic bank building, is a fully licensed hostel strategically situated directly across from the Square and the Casa Inglesa—an exceptional location in a neighborhood undergoing exciting developments. Plans to expand the Riverside Zone, including upgrades for mega-yachts, are positioning this area as an increasingly convenient and sought-after destination.

Property Overview:
Licensing: The property holds three distinct licenses—two for residential use (upper and lower floors) and one for commercial use.

Structural and Design Details: Originally built as a bank, the building boasts an exceptionally strong foundation, crafted with reinforced concrete, and features luxurious finishes throughout. Both the floors and walls are adorned with marble, lending the property an air of elegance, quality, and solidity.

Accommodation Layout:

Top Floor: Features 8 private rooms, a fully equipped kitchen, and two spacious bathrooms with a total of 4 toilets, 4 sinks, and 5 showers. The floor also offers a beautiful terrace, giving guests a comfortable, private space with added charm.

Ground Floor: Designed for group lodging, this floor has 4 large dormitories with a total capacity for 34 guests, equipped with 3 showers, 3 sinks, and 3 toilets.

Basement Amenities: The basement includes several unique features. It houses a former bank vault converted into a barbershop and tattoo studio, which provides an additional revenue stream, especially vibrant during the summer season. There is also a fully equipped laundry room. The basement is further fitted with 3 toilets, 3 sinks, and 3 showers, ensuring extra convenience for guests.

This hostel represents a rare combination of charm, potential, and prime location, making it a valuable asset in an area poised for growth. With its multi-use licenses and strong potential for capital appreciation, it presents an attractive opportunity for investors.