Prédio em Portimão de 700 m² – ID 2074067

High profitability hostel in the heart of the Algarve - for investors! Our property, located in a former Bank Historical building, is a fully licensed hostel strategically located directly in front of the English square and house, a privileged location in a neighborhood that is undergoing exciting developments. Plans to expand the riverside area, including modifications to mega yachts, are positioning this area as an increasingly convenient destination. Overview of the property: Licensing: The property has three distinct licenses: two for residential use (higher and lower floors) and one for commercial use. Detailed and structural details: Originally built as a bank, the building boasts a notably strong foundation, worked with reinforced concrete (reinforced concrete), and displays luxurious finishes everywhere. Both the floor and walls are adorned with marble, lending an air of fashion and quality, firmness to property. Layout of accommodation: Last floor: With 8 private bedrooms, a fully equipped kitchen and two spacious bathrooms with a total of 4 toilets, 4 pias and 5 showers. The floor also bears a beautiful terrace, offering guests a comfortable and private environment with additional appeal. Ground floor: Designed for group protection, this floor has 4 large bedrooms with a full capacity for 34 guests, with 3 showers, 3 sinks and 3 toilets. Basement amenities: The basement includes a variety of unique characteristics. It houses an old bench vault transformed into barber shop and tattoo studio, or that provides an additional revenue flow, especially fluorescent during the summer season. Also, there is also a equipped laundry. The basement is also equipped with 3 bathrooms, 3 sinks and 3 showers, ensuring greater convenience for guests. This hostel represents a rare combination of charm, potential and privileged location, making it a positive asset in an area ready for growth. With its multifunctional and potential licenses for greater capital appreciation, it offers an attractive perspective for investors. #ref: 715087

building of 700 m²

Portimão, Algarve, Portugal