Engel & Völkers
Aerial view of a vacant, graffiti-covered building with a red tile roof, surrounded by dry grass and trees, next to a curved road with cars.

Excellent opportunity for B&B

€1,275,000
  • 27 Rooms
  • 26 Bedrooms
  • 20 Bathrooms
  • ~971 m² Total surface
  • ~621 m² Living area
  • ~4,462 m² Plot surface

Description

Excellent property to invest given the construction area, the possibility of alteration and expansion, and the excellent location with good access. The building is set in a plot of 4.462 sqm, with a construction area of 971sqm and a deployment area of 971sqm, and it develops mainly on the ground floor. The building functioned for several years as a prestigious 26-room inn. It presents a layout with numerous possibilities, consisting of a hall and reception, office, restaurant, bar, staff canteen and a laundry room. At this moment, the building needs renovation works, and there may be a possibility of extending the total construction area up to 3.123sqm, as well as an eventual expansion of the second floor. Given its location, there are several investment opportunities. As a property for investment, a barter analysis is considered. More information will be provided on request.
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Engel & Völkers Albufeira

Your advisor: Cristina Santos

Property ID: W-02HU56

Property details
  • Object type

    Terraced house

  • Condition

    Needs Rehabilitation

  • Rooms

    27

  • Bedrooms

    26

  • Bathrooms

    20

  • Number of Floors

    2

  • Total surface

    ~971 m²

  • Living area

    ~621 m²

  • Plot surface

    ~4,462 m²

Energy efficiency information
  • Construction year

    1960

  • Energy certificate available

    No

Location: Pêra, Faro District

Building located in a privileged area in the central Algarve, with excellent accesses and in close proximity to the most famous beaches in the Algarve, as well as numerous services and amenities. Easy access to the A22 motorway and approximately 30 minutes’ drive to Faro International Airport. Approximately 2h30 to Lisbon by the A2 motorway and Lisbon International Airport (exit nr. 5 from A2 to A12). Only 10 minutes from the Water Themed Park “Zoomarine Albufeira”. Approximately 20 minutes’ drive to Hospital Privado in Albufeira.

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Engel & Völkers Albufeira

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Luis Palma Santos Lda.

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