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Key information Make an enquiry

€ 3,400,000 £ 3,000,996 $ 4,054,337

Reference PP3192

Portimao, Western Algarve

Commercial

35 Bedrooms

Built in: 2018

1,486m2 Build size

€ 2,288 £ 2,019 $ 2,728 / m2 build

740m2 Plot size

€ 4,595 £ 4,055 $ 5,479 / m2 plot

D' Art Boutique Hostel - 35 bedrooms

€ 3,400,000 £ 3,000,996 $ 4,054,337

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Key information

Reference: PP3192

Commercial

Portimao, Western Algarve

35 Bedrooms

38 Bathrooms

Ownership Status: Private

Built in: 2018

1,486m2 Build size

€ 2,288 £ 2,019 $ 2,728 / m2 build

740m2 Plot size

€ 4,595 £ 4,055 $ 5,479 / m2 plot

Built from the ruins of the former part of the old city wall of Portimão, this new building was built integrating the current comfort and technology with the ancestral architectural testimony of the wall that was preserved and highlighted as its differentiating element.

The new building is situated in the old center of Portimão, on the same street as the Conservatory of Music, Theater Tempo, the Mother Church, an area with a strong cultural component.

The project and construction respected the old wall that is integrated in the new structure valuing it, which consists of a Hostel with 35 rooms and maximum capacity for 106 people. It has a catering area that can be used independently of the room service, and can constitute a business generating unit as a Restaurant in addition to the lodging. In the same space, there is a grocery store with furniture restored from an old grocery store on site, for the sale of local regional products and Merchandising artifacts, forming another business generating unit. These three components of the business are duly defined in the economic feasibility study of the investment.

Energetically the construction has obtained the best possible classification, Class A, due to the quality of materials and equipment used, from lighting, to air conditioning, soundproofing, water heating, Wi-Fi network and structured LAN, elevators, all contribute to this excellence in quality, which translates into comfort and economy in its use.

The D'Art Boutique Hostel, a registered trademark, can serve as a privileged form for its neighbors of culture (the Theater O Tempo) and education of the city (Conservatory of Music that awaits equivalence to higher education), as a preferential housing unit for its goers, artists and students.

 

 

Features

  • Air conditioning
  • Furnished
  • Reception room
  • Terrace/Balcony
  • Laundry room
  • Character property
  • New development
  • Near bars / restaurants
  • Near school(s)
  • Near shops

Energy rating

  • A+
  • A
  • B
  • B-
  • C
  • D
  • E
  • F
  • G

The energy rating shows the energy efficiency of a building on a scale of A to G. The most efficient homes – which should have the lowest fuel bills – are in band A, whereas the most inefficient homes are in band G.

Key information

Reference: PP3192

Commercial

Portimao, Western Algarve

35 Bedrooms

38 Bathrooms

Ownership Status: Private

Built in: 2018

1,486m2 Build size

€ 2,288 £ 2,019 $ 2,728 / m2 build

740m2 Plot size

€ 4,595 £ 4,055 $ 5,479 / m2 plot

Recently Sold

The location: Portimao, Western Algarve

Portimão is the second largest city in the Algarve. Located on the bank of the Arade river facing Ferragudo on the opposite bank. Portimão's Atlantic beach of Praia da Rocha has, over the years, become a resort in it's own right with lots of hotels and apartments, restaurants and bars, discos and clubs and shops.

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Yours sincerely,
Kieran Wilkinson

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