Hotel 6 323 m² in Carvoeiro, Portugal
Carvoeiro, Portugal, Lagoa, Lagoa e Carvoeiro
Archive cost €950,000
Sold or out of date
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Updated at: 14/07/2023
Location
Country: Portugal
State: Algarve
Region: Faro
City: Lagoa
Village: Carvoeiro
Address: Estrada do Farol
Building parameters
Number of floors:
11
Property parameters
Floor:
9
Total area:
6 323 m²
Description
An 11 storey hotel built into the rocks, overlooking a stunning bay, is the site of this investment opportunity with huge potential. Sold as a complete renovation project including reception area, storerooms, 10 parking spaces & public areas, large old restaurant & pool, terrace & bar. This is a fantastic opportunity to restore many parts of this previously bankrupt hotel to its former glory. Ask for info regarding tax exemptions & the option to purchase 11 apartments with this deal for the total price of 2.200.000€. Apts are currently rented so it is not possible to arrange viewings.
Location
Carvoeiro, Portugal, Lagoa, Lagoa e Carvoeiro
