€ 890,000 £ 785,554 $ 1,061,282
This is an absolutely amazing opportunity for somebody wishing to take over an already established business running with great success in the Eastern Algarve.
Currently the property is setup as follows;
One bedroom, kitchen, bathroom, covered gym area, outside terrace with Jacuzzi. This part of the property is completely private from the rest of the property with its own entrance.
5 guest suites each with luxurious private terraces plus bathrooms.
1 guest Apartment featuring its own living area and kitchen.
The Outside space is something very special indeed, and features a 10 x 5m swimming pool with opulent seating area, covered games area, extremely large BBQ and dining area, Orchard, Petanque court, childrens play area, and cafe bar for serving food and beverages.
There is also an inside dining area, and professional kitchen and store room. The guest suites have been completed to a high standard and each feature air conditioning. They still retain authentic charm as the Property was built in the early 1900s, but with all modern conveniences. All rental licenses are in place, and the sale of this property will include furniture and well established existing bookings. This is a wonderful opportunity for somebody wishing to buy an existing successful business in the Algarve, in a wonderfully central yet peaceful location.
Moncarapacho is a small town in the Eastern Algarve, which has retained its traditional Portuguese charm. The town offers all of the basic facilities including 3 supermarkets, a small local produce market, and plenty of restaurants and cafes to keep you entertained. The town is centered around a beautiful cobbled square and church.
It is an ideal base to explore the rest of the Eastern Algarve and beyond.
Moncarapacho, Eastern Algarve
Built in: n/a
587m2 build size
€ 1,516 £ 1,338 $ 1,807 / m2 build
11,040m2 plot size
€ 81 £ 71 $ 96 / m2 plot
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