21 Bed House for sale
Luz, Algarve, Portugal
£1,925,710 *
[€2,250,000]
Full Description
Tourist complex of 1200 m² with 6 hectares of land, fully renovated in 2019 and in operation.
The living area, measuring 735 m², comprises 8 single rooms and 9 rooms with bunk beds, which can accommodate up to 54 people. It is also equipped with 18 bathrooms and showers, two of which are adapted for people with reduced mobility. The house also has 3 kitchens.
The ground floor is dedicated to services, with 443 m² of gross area, including an imposing multipurpose room, suitable for catering.
In addition to accommodation and facilities for tourists, a beautiful three-bedroom apartment was also created to provide future managers with a private space. The large terrace offers spectacular views of nature.
The property is in an ideal location, situated in the middle of nature and without neighbourhood. It is just minutes from Lagos, close to spectacular beaches, a vibrant nightlife and all amenities. Faro Airport is less than 1 hour away.
The lot offers unlimited development potential for outdoor activities. This is an ideal investment for a tourist project (currently explored as Surf Hostel), with the potential to create a wellness center or a retirement home. It has guaranteed profitability considering the growing demand for this type of infrastructure.
Possibility of renting the property for 9000/month and establishing a lease with option to buy.
Come visit this atypical property!
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