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INVESTMENT OPPORTUNITY 3 STAR HOTEL in Budens - Lagos

back to listing    make an enquiry Ref: CM-261SA     Price: € 3.000.000
Hotel investment in the Algarve43 Rooms
Close to the beachGood occupancy
Close to the villageExcelent location


WALKING DISTANCE TO BEACH AND VILLAGE!
BEAUTIFUL HOTEL WITH 43 ROOMS AND THE POSSIBILITY FOR 19 ROOMS MORE
INVESTMENT OPPORTUNITY: This beautiful 3-star hotel is built in 1991, is next to a protected nature park, only a 5 minute walk from the white sandy beach and the centre of a popular tourist destination in the western Algarve. There are 43 rooms with bathroom and balcony, many of which with beautiful sea or village views. Each room has a mini-bar, AC/heat, WIFI, safe and telephone. Hot water supplied via solar panels with gas back up.
It consists of 5 floors: ground floor with reception, waiting room, breakfast room/lounge, kitchen, laundry room, storage and a secluded outdoor terrace with direct access to a typical fisherman's cottage with two bedrooms, suitable for possibly the owner, manager or caretaker. On the remaining four levels are the 43 rooms, of which some also are very easily to turn into suites. Each floor has its own separate service area for linens and cleaning supplies service lift and guests lift.
There is a heated outdoor pool with spacious sun terraces, a fenced playground for children, 2 toilets, 2 showers, bar/snack bar, covered dining area and barbecue. Directly behind this you find a huge storage, pump house, water tank and its own borehole/well, connected to the automatic irrigation system for the gardens.
The parking area has 2 entrances so the tour buses have easy access to reach the hotel.
There is extra land with permission to construct 19 more rooms!
The undeveloped, natural garden runs down to the cliff-top/ ruins and can be easily turned it into a beautiful garden with terraces where guests are invited to relax!
On the large flat roof you have very nice views of different places which would be great for a nice roof terrace.
The property is in a good condition but needs certainly some modernization. But with some renovation this for sure will be a good future investment.

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INTERIOR INTERIOR

  • Airco Yes
  • Heating sourceelectric, A/C heating, solar
  • Kitchen open | closedclosed
  • Pantry Yes
  • TV: Satellite | Cable satellite

VIEWS & DISTANCES VIEWS

  • Sea views Yes
  • Country views Yes
  • Beach views Yes
  • Village views Yes

VIEWS & DISTANCES DISTANCES

  • Shops, bars.5 km ( = 0.3 mls)
  • Distance to golf5 km ( = 3.1 mls)
  • Distance to beach.5 km ( = 0.3 mls)
  • Airport90 km ( = 55.9 mls)

EXTERIOR EXTERIOR

  • Poolcommunal
  • Pool waterChlorine
  • Gardencommunal
  • Garden type fenced garden
  • BBQ Yes
  • Parking Yes
  • Number of cars 20

TECHNICAL TECHNICAL

  • Water: mains Yes
  • Bore hole Yes
  • Irrigation system Yes
  • WiFi available Yes

ENQUIRY FORM

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Price: € 3.000.000


GENERAL INFO

  • Ref#CM-261SA
  • Property type B&B/Hotel
  • Property state Resale
  • ConditionGood condition
  • Constructed (year)1991
  • Plot size 5680 m2
  • Construction area1920 m2
  • LocationLagos
  • ZoneBudens
  • Quiet location Yes
  • Central location Yes
  • Bedrooms43
  • Bathrooms10+
  • Baths ensuite 10+
  • Number of floors 5
  • Elevator Yes
  • Access Good access

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