Sell Portugal - Hotel for sale

Portugal - Hotel for sale You May Also Be Interested In: laundry bar

Region: Algarve
Localisation: Lagos  Praia da Luz

Total area of the plot: 13.000 m2

5 minutes to the beach
5 minutes to the high touristic town LAGOS
10 minutes to the high touristic town SAGRES
15 minutes from the main highway (Via do Infante)
5 minutes from the main road E. N. 125
30 minutes from the international airport of Faro
2 hours to LISBON

Well known touristic surroundings:

Total rooms: 16 + 6 apartments
The rooms are ALL equiped with TV and each has private bathrooms.
The rooms are ALL very LARGE and in EXCELLENT conditions, and has balconies with view to the swimming pool area and country side.

Further exists on the property:
2 x T 0 apartments
4 x T 1 apartments

3 of the apartments has an equipped kitchen.
All apartments has private bathrooms.
All the apartments has TV.

1 Office room / Reception
2 full equipped Kitchen
1 Large room for the breakfast
Full equipped Laundry

The Apparthotel is in excellent repair and ready to move in.
The apparthotel is sold with the full equipment.
The business exists already since 20 years and has regular clients from Portugal and from all over the world.

The reason for the selling of this property is due to the death of the owner in NOVEMBER 2003. His wife is already in advance age and can not continue the business alone and the children are not interested in the business, because of having their own businesses.

Around 7.000 m2 of the total area of 13.000 m2 is determined as URBAN area, what means that the actual buildings can be extended and changed to an HOTEL (f. examp. ) .

PRICE: 1.400.000 Euro