EXCEPTIONAL INVESTMENT OPPORTUNITY – HOTEL BUILDING WITH 30 SUITES IN DOWNTOWN FARO
See the gallery

EXCEPTIONAL INVESTMENT OPPORTUNITY – HOTEL BUILDING WITH 30 SUITES IN DOWNTOWN FARO

€ 3,050,000 £ 2,648,732 $ 3,556,453

Save property Saved
Rate property
Write a note

Key information

Reference: PP175304

Commercial

Faro, Eastern Algarve

30 Bedrooms

30 Bathrooms

Ownership Status: Company

Built in: n/a

908m2 Build size

€ 3,359 £ 2,917 $ 3,916 / m2 build

This fully refurbished four-storey residential building is a rare gem for investors seeking high rental income or flexible development options. Featuring 30 en-suite bedrooms and the potential to create a rooftop lounge with breathtaking sea and city views, this property offers unmatched versatility and value.

Key Features:

  • 30 Modern Bedrooms: Each of the first, second, and third floors boasts 10 spacious en-suite bedrooms, making this property ideal for student housing, co-living spaces, or serviced apartments.
  • Ground Floor Flexibility: The ground floor offers the option to establish a restaurant or convert the space into additional bedrooms, further enhancing the building’s capacity and revenue potential.
  • Rooftop Lounge Opportunity: The rooftop presents an exciting possibility for transformation into a stylish lounge area, offering panoramic sea and city views, a perfect attraction for tenants, or a unique selling point for luxury rentals.

Prime Location:
Situated in a highly desirable area with easy access to beaches, shopping, and entertainment, this building guarantees a steady demand for rental units and commercial activity.

Exceptional Revenue Potential:
Whether you envision a high-capacity residential space, a mixed-use development with dining facilities, or an upscale rental property with rooftop amenities, this investment promises significant returns.

Don’t Miss Out:
This is a one-of-a-kind opportunity to own a fully refurbished property with incredible versatility and stunning potential.

Contact us today to schedule a viewing and start planning your next profitable venture!

Features

  • Air conditioning
  • Terrace/Balcony
  • Kids play area
  • Spacious
  • Features great views
  • Sea view
  • Morning sun
  • Evening sun
  • Orientation: South
  • Near bars / restaurants
  • Near school(s)
  • Near shops
  • Near the beach

Key information

Reference: PP175304

Commercial

Faro, Eastern Algarve

30 Bedrooms

30 Bathrooms

Ownership Status: Company

Built in: n/a

908m2 Build size

€ 3,359 £ 2,917 $ 3,916 / m2 build

Mortgage Calculator

Taxes and Expense : € 0.00
Loan amount : € 0.00
Your monthly payments : € 0.00

Faro, Eastern Algarve

 Faro,  Eastern Algarve

Faro has retained its peaceful ambience and traditional charm that is centred around the pretty walled Old Town.

Read more

 Faro,  Eastern Algarve

Want to know more about this property?

Speak to anyone in our team and we will be happy to help.
Send your enquiry through now.

Yours sincerely,
Tony Berkery

Make an enquiry Make an offer Request Callback

Why work with us

  Agents
  Offices
  Sales Transactions
$ Billion Approx. Total Sales

In our Global Network
Portugal • USA • Canada • MexicoDubai • London • SpainItaly • Germany • GreeceAruba • Bahamas • IndiaCayman Islands

We use cookies! Read more