€950,000

Located in Albufeira.
This well-established Hostel, which has been in operation since 2013, is situated in the heart of Albufeira’s historic centre, just 200 metres from Peneco Beach and about a 5-minute walk from Pescadores Beach, enjoying a prime location in one of the Algarve’s most sought-after tourist areas. The property stands out for its outdoor areas with a pool, designed for socialising and leisure, notably a charming inner courtyard and a spacious rooftop terrace, equipped with a lounge, bar and a large communal dining table, providing a sociable atmosphere much appreciated by international travellers.

The property comprises a total of 9 bedrooms, of which 7 are for guests and 2 for staff (one private bedroom for the owners and a bedroom with 8 beds, and a private shower room), offering a total capacity of 34 beds in the guest bedrooms. The hostel also has 2 fully fitted bathrooms with showers and washrooms equipped with 3 toilets and 2 showers, as well as a fully equipped kitchen, a laundry room with private kitchen (staff) and 2 boilers to support operations. The property is complemented by an internal courtyard and a rooftop terrace with a lounge, bar and dining area, designed to provide guests with spaces for relaxation and socialising.

The property features a fully equipped kitchen and sanitary facilities suitable for its current use as a hostel. The business is currently operational, with an established brand dating back to 2013, a track record of guests and positive reviews, and a well-established operation ready to continue.