Premium New development

Property for sale

Faro City, Algarve, Portugal

£2,662,825 *  [€3,050,000]

Property for sale

Faro City, Algarve, Portugal

£2,662,825 *  [€3,050,000]

Property Details


  • Bedrooms: 0
  • Bathrooms: 0
  • Plot size: 245 m2
  • Habitable space: 908 m2

Features


  • Double Glass
  • Energy performance certificate – E

Full Description


Hotel Under Renovation - Ground Floor + 3 Floors - Faro, Algarve
Located in the heart of the city, in an excellent location just a short walk from the Marina and all amenities.
The 1st, 2nd, and 3rd floors consist of 30 suites in total 10 per floor currently in the final phase of renovation.
Some suites feature large balconies with unobstructed views and/or views over the park gardens.
The ground floor offers 227 m² of space suitable for retail units.
The hotel has a total of 4 floors, comprising 30 rooms, all with private bathrooms.
The entire building is being fully renovated and modernized, with completion expected in early 2025.
The acquisition of the hotel also includes the associated company.
Premier Algarve
Energy Rating: E
#ref: P2022
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Map may not show exact location

This property listing (ref: P2022) is an advertisement supplied by Premier Villas 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.
*Based on an exchange rate of 0.8731 from Euro to GBP. This rate is updated daily and is an indicative market rate supplied by A Place in the Sun Currency. Actual trading rates vary.