$3,565,683

Hotel Investment Opportunity In Central Faro City Center

  • 30 Beds
  • 31 Baths
  • 9,774 Sqft
  • 2,444 Sqft lot
  • Updated: July 18
  • 1
    Views for last 30 days

About the Property

Welcome to the capital of the Algarve!

We present a truly unique Hotel Residencia investment opportunity with this historic building located in the heart of the city

Undergoing extensive renovation work the hotel sale price will include the completed building with a hotel ready to open for business in the first half of 2026.

Set in a privileged position close to all the
Welcome to the capital of the Algarve!

We present a truly unique Hotel Residencia investment opportunity with this historic building located in the heart of the city

Undergoing extensive renovation work the hotel sale price will include the completed building with a hotel ready to open for business in the first half of 2026.

Set in a privileged position close to all the amenities of the Capital, it’s only a 5-minute walk to the Marina and the boat transfers to the stunning Rio Formosa Islands.

The Hotel building itself is set over 4 floors with an internal staircase leading to all the rooms.

The ground floor will be dedicated to shops and commercial enterprises, providing a variety of business units with options

Above the commercial zone, the remaining three floors will accommodate ten rooms each, all featuring a private bathroom, wardrobes, balcony and air conditioning.

The style is reflective of the vibrant mood around the city and offers comfort in a colorful ambiance

These rooms have delightful views of the city and the Ria Formosa Nature reserve across to the Harbor front.

Gone are the days when people merely flew straight in and out of Faro!

Nowadays the largest populated city in the region and home to the international airport, has become increasingly popular with long stay holiday makers taking advantage of the secret delights within the area.

The old historical walled part of the city features a labyrinth of narrow cobbled streets and classic Portuguese cafes and restaurants right on the doorstep.

Faro is now quite rightly perceived as the Algarve’s gateway to the rest of Portugal, Europe and beyond.

So take advantage of the incredible investment opportunity with this commercial enterprise and its huge potential for growth and profit.
  • Property type

    Other

  • Year built

    1961

  • Price/sqft

    $364

Explore the Area

São Pedro, Faro, 8000-072, Portugal View on Google Maps
Price per sqft
Low
High

View 647 more listings in Faro (Se e Sao Pedro)

VIP Algarve Property

Joined 2 years ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

VIP Algarve Property
Portugal
View agency profile
58
Listings
2024
Joined

Book home tour with the agent

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
VIP Algarve Property
Albufeira, Portugal
View agency profile
Last updated
July 18
First listed
Oct 30, 2024
Listing reference
VC1949
Call

Start phone call with:

Hello, I’m calling for the property with the reference VC1949, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.