€3,050,000

Hotel Under Renovation Ground Floor + 3 Floors Faro, Algarve Located in the heart of the city, in an excellent location just a short walk from the Marina and all amenities. The 1st, 2nd, and 3rd floors consist of 30 suites in total 10 per floor currently in the final phase of renovation. Some suites feature large balconies with unobstructed views and/or views over the park gardens. The ground floor offers 227 m² of space suitable for retail units. The hotel has a total of 4 floors, comprising 30 rooms, all with private bathrooms. The entire building is being fully renovated and modernized, with completion expected in early 2025. The acquisition of the hotel also includes the associated company. Premier Algarve