18 Bed Commercial for sale

Lagos, Lagos, Algarve, Portugal

£3,497,131

 [€3,900,000]

Property Details

  • Bedrooms: 18
  • Bathrooms: 0
  • Plot size: 3102 m2
  • Habitable space: 1660 m2

Features

  • Sea View
  • Close to Beach

Full Description

On offer: Commercial Building zoned for Hotel/Tourism. Currently closed, the building is for sale.

Sold as is. Includes the pool, furniture and equipped kitchen.

Sold equipped with dated fittings and furnishings, this hotel includes 18 hotel rooms for double occupancy. Also includes lobby, reception, dining area, laundry and commercial kitchen, 2 elevators.

There is no swimming pool, but one can be built (price quoted extra) as well as refurbishments can be done by current owner at an extra cost.

The hotel is 3 floors but built over 4 stories (the ground floor is 6metres in height), there is a current project to alter and amplify the hotel to construct any of the following:

Apart-Hotel with Re-Sale Potential of Indivdual Self Contained Apartments:
- 23 Self Contained Apartments for re-sale or hotel use (2 bed and 3 bedroom units)

Expansion of Hotel:
- to add a 2nd floor and create 9 more rooms within existing imprint

Expansion of Hotel:
- to amplify the current construction via the East and West wing, and create approx 50 Hotel Rooms.

City Hall zoning and Licensing allows for Servcies/Hotel/Tourism exploration (non-residential license).

A Great location with stunning views, just 400metres from Porto de Mos Beach.
This property listing (ref: C023) is an advertisement supplied by Elite Realty and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.

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