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Business opportunity - 10-bedroom guest house in the historical center
Lagoa-centre:
This fully renovated 10-bedroom two-storey Guest House with a total built area of 256,5 m² is set in a 208 m² plot, close to the historic center of Lagoa. While the ground floor with a built area 121,5 m² comprises of 6 bedrooms, the first floor with a built area of 135 m² hosts 4 further bedrooms and an additional small apartment. The guest house is centrally located in a quiet side street, only a few minutes by car to the acess to the motorway and numerous beaches. The bus station and all facilities such as banks, restaurants, schools and public services are in the immediate vicinity. Faro Airport is only a 45 minutes´ drive away.
The ground floor and first floor of the building each have a separate entrance door. The ground floor comprises of a total of 6 bedrooms, three of which are en-suite, two provide a private bathroom and one of which is used as a TV/ communal lounge area. A corridor leads to a large storage/ utility/ house-keeping area and the inner courtyard/ covered terrace with awnings and communal sitting areas. The communal kitchenette, still on the ground floor, leads to the staircase – accessed by a separate entrance door – going to the first floor. While three further bedrooms share a bathroom, there is also a family bedroom with a private bathroom. A separate small apartment (could be used as an additional bedroom) with a lounge area and fully-fitted kitchen opens onto a private covered terrace/ storage space just off kitchen with an external staircase leading down to the communal terrace area. The first floor also accesses the large roof terrace with a big storage space offering views over the roof tops of Lagoa.
The guest house has been renovated in an industrial style and can be opened remotely electronically. It is equipped with air conditioning units (UP LIVE/ GREE), solar panels for the hot water generation and double-glazed windows with rolling shutters. All bedrooms have a television and a safe and can be accessed by individual key safes; there is (street-side) outside parking.
This is a great business opportunity with the possibility to purchase a fully operating turnkey business with excellent rental potential, proven rental history and existing AL-licence right in the heart of Lagoa. Great investment!
- REF: VIRGINIA
* The feature(s)/equipment(s) mentioned in this description are subject to verification and agreement between the vendors and buyers.
Property Features
- Washing machine
- Air conditioning
- Fitted wardrobes
- Safe
- Proximity: Restaurants, City, Shopping, Public Transport, Public Swimming Pools
- Terrace
- Furnished
- Built year: 1977
- Floors: 2
- Laundry
- Drive way
- Kitchenette
- Storage / utility room
- Views: City view
- Double glazing
- Pantry
- Main drainage
- Central location
- Parking space
- Solar heating
- Sealed land area
- Energetic certification: C
- Solar orientation: South
- Mains water
- Balcony
- Renovation year: 2023
- Rental licence
