17 Bed Villa for sale
Praia da Luz, Praia da Luz, Algarve, Portugal
£1,928,186 *
[€2,250,000]
Full Description
Detached property with 17 bedrooms, which is currently active as a successful hostel in the prime location of Praia da Luz near Lagos, with large parking area and rural plot.
The accommodation currently comprises:
First floor - 5 bedrooms, 2 bathrooms with each 4 showers, living, dining and kitchen area.
A self-contained apartment with 3 bedrooms, 2 bathrooms (1 en suite) living, dining and an open plan kitchen with lovely views and a large balcony.
Second floor - 4 bedrooms with a shower, a bedroom with a separate bathroom, terrace and storage.
Ground floor - 4 bedrooms, a large bathroom, a games room with a ping pong table, a billiard table, and a bar with a large sitting area.
Elsewhere on the property there are 3 more bathrooms, a storage and washing/ironing room.
The entire property is surrounded by terraces and balconies. There is a large parking area and a rustic plot for agricultural purposes. You can build a pool upper ground.
This is a fantastic tourism opportunity with endless tourism ideas such as bed and breakfast, small hotel, wedding venue or events venue.
Praia da Luz like most towns on the Algarve coast was originally a fisherman's village. Even though today it has grown into a popular seaside resort it still manages to retain a lot of its old world charm and at the same time offering the holidaymaker golden sands, superb dining and first class facilities. The bay is protected to the East by the famous Rocha Negra (black rock) cliff, a product of the Monchique region's volcano lava flow from some 150 million years ago. Luz has a lovely, long sandy beach which is overlooked by the town itself. An exceptional patterned cobbled promenade ( Avenida dos Pescadores ) runs from just below the pretty Church of Nossa Senhora da Luz ( Our Lady of the Light ) along the whole of the seafront to the cluster of beach bars. The promenade is normally busy with many craft stalls during high season and there are also several cafe/bars, restaurants and gift shops.
Broadband is widely available in Portugal and is known as 'banda larga'. It is considered to function better than broadband services in the UK due to the fact that Portugal was one of the last countries to embrace broadband technology and thus has a system with newer design and technology. There are several service providers offering ADSL, fibre and wireless services in Portugal to the residential and the professional markets.
Bedrooms: 17
Bathrooms: 9
Build size: 658 square metres
Plot size: 54,800 square metres
Ref: GV040
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