Algarve, Loulé, Portugal
- PROPERTY TYPE
Commercial Property
- SIZE
3,767 sq ft
350 sq m
Key features
- Terrace
- Panoramic View
- Parking
Description
Unique opportunity to acquire a historical property with mature garden in a prime location only minutes from the luxury developments and golf courses of Vale do Lobo and Quinta do Lago.
This former school dates back over 100 years and until recently had been a successful restaurant business for over 40 years.
The property has the potential to be converted into a boutique hotel, or wellness spa, making it a versatile investment opportunity.
The historical charm of the former school building, combined with its prime location and potential for development, make it a unique and attractive proposition for investors looking to capitalise on the growing tourism market in the Golden Triangle of the Algarve's region of Portugal.
With its rich history and potential for profitable development, this former school building represents a once-in-a-lifetime investment opportunity for the savvy investor as the added benefit of the building and site is the fact that the total potential construction area permitted for commercial buildings is up to 1,700m2 (0,7 index) according to PDM offering an amazing ROI.
Don't miss out on the chance to turn this piece of history into a lucrative business venture.
REFERENCE: 257177
Algarve, Loulé, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)9.6 miles
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Notes
This is a property advertisement provided and maintained by Prestige Property Group, International (reference 257177) 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.