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COMMERCIAL

Algarve, Silves, Portugal

£1,078,344
€1,275,000
Engel & Völkers Albufeira, Abufeira
PROPERTY TYPE

Hospitality

BEDROOMS

26

BATHROOMS

20

SIZE

6,684 sq ft

621 sq m

Key features

  • Bedrooms: 26
  • Near public transportation

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. More information will be provided on request.
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.
Energy Rating: Exempt
#ref:W-02HU56

Algarve, Silves, Portugal

Approximate location

NEAREST AIRPORTS

Distances are straight line measurements
  • Faro(International)
    29.1 miles
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About the agent

Engel & Völkers Albufeira, Abufeira

Estrada de Vale Rabelho 8200-428

Engel & Völkers Albufeira, Abufeira

Engel & Völkers is one of the world’s leaders in the luxury real estate market. With more than 40 years of experience and approximately 10,000 employees, it is one of the most successful real estate agencies worldwide. Based in over 800 different locations, 34 countries and 4 continents, Engel & Völkers benefits from an extensive network of national and international clients.

We at Engel & Völkers Albufeira - Algarve have a professional and dedicated team available to assist you in buyi

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Notes

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This is a property advertisement provided and maintained by Engel & Völkers Albufeira, Abufeira (reference 205880_14316092) 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.

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