building of 908 m²

For sale

Faro, Algarve, Portugal

€3,050,000

Ref. P2022

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

Features

Bedrooms :

Plot area (m²) :

245.00

Diagnostics

Energy Efficiency class

Greenhouse gas emission

N.C.

Location

Calculate your monthly repayments

Property price€

Deposit€%

Non residents usually require a deposit of 30-40%

Term in yearsInterest rate%

* These results are for illustrative purposes only and do not constitute financial advice. Always consult a qualified lender for personalised information.

Monthly repayments^*

€10,688

* These results are for illustrative purposes only and do not constitute financial advice. Always consult a qualified lender for personalised information.

Presented by

Premier Algarve

Rua 1º de Maio nº 7 Faro Portugal http://www.premieralgarve.com

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