This townhouse for sale in the center of Barão de São João is located in a typical Portuguese village and is currently being run as a hostel.
This property has been completely renovated and consists of 8 rooms spread over 2 floors.
On the ground floor there is a large lounge with access to the kitchen area, a fantastic bar with a dining area, 3 bedrooms , 2 bathrooms and a small patio with a BBQ area.
On the second floor there are 2 separate areas, in the first area you will find 3 bedrooms. In the second area you will find 2 bedrooms, 2 bathrooms, a second kitchen and a small office.
This hostel is fully operational and is in an ideal location with only a 5 minute drive from Lagos and 20 minutes from Portimão.
This is a great opportunity to invest in a business opportunity in the Algarve.
Bensafrim is a typically small village situated in the countryside, it has local amenities such as snack-bars, restaurants and mini-markets for its residents and for anyone wanting to head into Lagos city centre, it is just a fifteen minute drive away and Faro airport is only sixty minutes away.
Mortgage Simulation: Duration / Period: 30 years / 360 months
Purchase Price: 460,000
Deposit /Down Payment: 92,000
Finance: 368,000
Interest Rate: 0.9%
Monthly Payment: 1,166.81
Mortgage Simulation: Duration / Period: 40 years / 480 months
Purchase Price: 460,000
Deposit /Down Payment: 92,000
Finance: 368,000
Interest Rate: 0.9%
Monthly Payment: 913.21