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Hotel for sale in Algarve
Portugal / Algarve - Olhao Hotel LFO735
Little hotel located in the heart of an old fishing town, 17 guest rooms, terraces with an excellent sea view
This little hotel is located in the heart of an old fishing town and is a friendly and comfortable hotel in a first class conditon, having gone through a complete renovation in 2004. There are 16 guest rooms all with a private shower and sink and we have kept the original Portuguese charm. All guests have access to kitchen facilities, book exchange and the top terrace on the 4th floor. The penthouse appartment consist of a lounge area, bedroom, bathroom, kitchen and a private terrace with sea view and it is located on the 3rd floor. The 2 shops on street level are currently rented out and gives the new owners several options - including a good income - in connection with the Guest House The top terrace also have a boiler room, solar panels and an office. From the terrace you can see the Ria Formosa Nature Reserve with all the small islands. This hotel has one of the highest viewpoints in town. You are minutes walk from the Marina, the market - which is one of the most animated and picturesque of the Algarve - with a fantastic display of seafood and the local farmers fresh produce. The Ria Formosa Nature Reserve with its beautiful lagoons, marshes and beaches makes it a paradise. 500,000 without shops.
Number of Bedrooms : 17
Price : € 600.000For more details concerning this property please contact the real estate agency.
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