Algarve, Albufeira

Great house V14 for a mini hotel or hostel

€865.000 Property NºST-1458 FREE CALL
+357 965570775

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Key Details:

Size: 661m²

Plot Size: 1425m²

Bedrooms: 14

Bathrooms: 10

Year Built: 2003

Status: Available

Price per m²: €1135

Property Transfer Tax: €45000

Stamp Duty Tax: €6000

Spacious Villa V14, with swimming pool. Wonderful place to relax and socialize with a large terrace and panoramic views of the ocean from most of the rooms. Low cost for this fully functioning Mini Hotel (Hotel/Apartments, B&B or Hostel. You can still build a sauna or steam bath – your imagination can change this property and transform it to what you wish!) The house is located in a quiet area, 2,5 km away from the beaches of Albufeira and only 3-5 minutes from the local beaches and the centre of the city. Nearby there are cosy cafes and restaurants with delicious and affordable menus. Nice and clean building, with nice colourful tiles. The driveway is also paved with tiles and there are two separate entries for the property through an automatic gate. Three-storey Villa with a total area of 661 m2 located on a plot of land with 1.425 m2. A little further down there is a garage and a 2 bedroom apartment with a swimming pool view. On the 1st floor there is one bedroom apartment and 8 en-suite bedrooms with fitted, wardrobes, televisions, refrigerators and air conditioners. The second floor is the location of the owners – a cosy living room, 3 bedrooms with fittedwardrobes, a large kitchen fully equipped with a spacious balcony closed with glazed windows andtwo bathrooms. There is also a large sun terrace, where there is a breath taking view of the open ocean and the entire neighbourhood – perfect place for sunbathing or just admiring the landscape. There are several attachments for storage. In the back yard there is a large salted water swimming pool and a relaxing area equipped with a barbecue. The several existing solar panels are enough to heat all the water needed in the house. Water well for domestic purposes. Great rental potential! Only during the summer months, the income was 55.000 euro