Ostello Con 11 Appartamenti

Hostel with 11 apartments.

Premium area next to the Sintra National Palace. Investment opportunity.

With a profitability of 7.2% and an average occupancy rate of 85%.

With the acquisition of the property there will also be the possibility of acquiring the company and operating license.

Recently renovated historic building, fully operational, has a reception and laundry facilities.

The apartments have a garden, are all furnished and equipped with TV, wi-fi, kitchenette, toiletries, hairdryer and air conditioning.

It is located 3 minutes walk from the train station and 700 meters from the National Palace, in a quiet area. The Villas de Cintra are close to the historic center of Sintra where you can find all types of services, restaurants, cultural and tourist activities, surrounded by a rich natural landscape where you can practice various sporting activities.

On February 27, 2024, the government approved approval in the Council of Ministers, the repeal of law DL 128/2014 with the amendment by Law 56/2023
referring to the end of the suspension of licenses in local accommodation and elimination of the current prohibition on transferring licenses with the sale of the respective properties.
Energy Rating: F
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