€3,800,000

Commercial/Office Space for sale Olhão
Property photo number 1 of 16 Photos for Property. File 101561757_2200_72e6b28f24a9fecc5fe7661823e81b5e.jpeg

Overview

SUMMARY: Discover an opportunity with this Olhão commercial/office space for sale and available for €3,800,000. This could be your next ideal home or a smart investment. More details await.

THE PROPERTY This is a rare convergence of heritage, location and licensing offering a platform as compelling commercially as it is architecturally. Perfect for a buyer looking for a solid margin, asset-backed business with upside. Originally

the residence of a distinguished family dating back to the 19th century, this 934m2 property carries with it a rare sense of history, character and architectural soul. A meticulous renovation and structural restoration of the historic shell has breathed new life into the property preserving its traditional features, detailing and period proportions while seamlessly introducing modern comfort for discerning guests With ten bedrooms, an open industrial style kitchen to the indoor dining area leading to a comfortable living room, the hotel holds a touristic habitation licence and restaurant licence, positioning it as an intimate destination for guests seeking an authentic experience. The outdoor spaces of 370m2 include a courtyard, a mirador(viewpoint) and a rooftop heated pool with plenty of relaxing sun bathing areas and shaded terraces too with scenic city canopy views. There are 2 other internal spaces which could be adapted to additional bedrooms. THE BUSINESS This fully operational business is included in the sale, with solid financial records and continued forecasted increase in profitability, there is still further scaleable opportunity for growth. Reviews and ratings across all sites show impressive client satisfaction, from trip advisor to google. THE SETTING Situated in the Eastern Algarve where you can still find the authentic Portugal a region experiencing a sustained and well-deserved rise in international profile the hotel occupies an enviable position within easy walking distance of a vibrant waterfront. Guests step out to find buzzing bars, a traditional fresh-produce market, and a growing constellation of local artisan and craft shops. The estuary walking and cycling trails offer a peaceful natural escape, while ferry services connect to picturesque offshore islands. Dolphin-watching boat tours depart from the nearby quayside, making the waterfront a hub of activity and discovery throughout the season. CONNECTIVITY For those arriving from further afield, the international airport is a short and straightforward drive making arrivals and departures effortless for guests travelling from across Europe and beyond. A coastal train service links the town to neighbouring villages, resorts and historic towns along the Algarve coastline, making this an ideal base for guests who wish to explore the broader region at leisure. THE OPPORTUNITY Opportunities of this nature combining historic pedigree, a prized Eastern Algarve address and a comprehensive licence portfolio seldom reach the open market. More on the Location Algarve has an exceptional mobility index with Faro International Airport, Portimão Private Airport, 3 airfields and 5 heliports. Due to a wider option of direct flights, travellers often choose Lisbon Aiport and take a 2-hour drive to reach the Algarve. For yacht owners and fishing enthusiasts, there are 4 marinas and 3 ports. For health care, Algarve has 3 public hospitals, many private facilities, and a Centro de Saude in each town. Besides public schools in every city, there are also 6 International schools. And with over 300 days of sunshine and 250 km of coastline varying from smooth golden beaches to dramatic red cliffs leaning over the stunning blue ocean there are also plenty of historic attractions, a beautiful countryside, more than 40 golf courses, numerous sports activities/facilities and much more. Abloom Boutique Real Estate is rated by its clients as the best in local market knowledge. Their portfolio of exclusive properties in the Golden Triangle and the Central Algarve country side as well as their ability to always connect the right buyer to the perfect product ensures they are the top choice of realtor for all their client´s future transactions. Their reputation of professionalism, integrity, local market knowledge and that personal touch wins them sale after sale.

Virtual Tour >
Request details

Details

  • Beds: 10
  • Baths: 15
  • Price: €3,800,000
  • Reference No.: 1123
  • Area: 934 m2

Amenities

  • Home
    • Air conditioning
    • Close to the beach
    • Fireplace
    • Central location
    • Furnished
    • Swimming pool
    • Terrace
    • Balcony
    • Energy Certificate: B

Location

Marketed by:

  • ABLOOM Mediação Imobiliária Lda.
See all properties from this agent
  • +351 289 393 780
Request details

Frequently Viewed

Disclaimer

The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.


Viewed 0 times.

Search more listings