$3,539,186

This centrally located hotel, with 30 rooms, with private bathrooms, in the heart of Faro, Algarve, is set close by a small garden and a short distance of the marina, with easy access to restaurants, services, shops and leisure activities. In the process of being completely refurbished, the building will undergo an internal and external transformation that will harmonize the traditional style with the modern. The façade will retain the authentic features of the original architecture, but will include contemporary elements, which will elevate the building's façade with elegance and modernity. The interior of the hotel, undergoing a complete renovation, offers aesthetic improvements, better thermal and acoustic insulation, to convey a serene, comfortable and intimate atmosphere. On the first floor, it is possible to build more rooms or service spaces, or stores, thus expanding the building's potential. The location is excellent, with easy access to urban transport, close to local shops, restaurants, bars, leisure, cultural and tourist activities and Faro International Airport is 10 minutes away, it is a good option to consider for investment and to boost the area's tourist offer. CHARACTERISTICS: Plot Area: 245 m2 | 2 637 sq ft Area: 908 m2 | 9 774 sq ft Deployment Area: 227 m2 | 2 443 sq ft Building Area: 908 m2 | 9 774 sq ft Bedrooms: 30 Bathrooms: 30 Energy efficiency: Certification in progress FEATURES: Hotel 30 rooms Total refurbishment Central location

Amenities

• Bedrooms: 30
• Full Bathrooms: 30
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1961
• Built in 1961
• Home size: 988 ft² / 91.79 m²
• MLS: 1LS02181
• Status: Active