Hotel Project 90% Complete For Sale 4 Million Euro

DESCRIPTION
A well-known and popular hotel with visitors and residents alike, this rural farmhouse has recently been upgraded and 32 additional hotel suites, spa rooms, functions and conferences, indoor pool, bistro, restaurant and staff accommodation have been added. All necessary licenses are in effect for the 4* Resort.

90% complete with 4000 m2 built with fitting to complete and another 10,000 m2 of unused building permit --- this is a wonderful opportunity to acquire this newly re-developed property at this stage. Licensed for a hotel and spa it has many potential alternative uses, rehabilitation center (equipped throughout for disabled access to all areas), nursing home or yoga retreat, wellness resort, private clinic etc.

Located on the outskirts of Tavira, it is within easy access to all road links, the cities of Tavira and São Bras de Alportel are a 10-minute drive away, local beaches and mountain trails for hiking or cycling are close by. There is a wonderful cobbled driveway leading to the reception hall, spa and hall rooms and plenty of parking in the south lot covering 5 hectares.

A newly completed separate block of 32 hotel suites is complete and comes with elevator and handicapped rooms. The spa will include 4 large treatment rooms, Turkish bath and sauna, indoor pool, showers and changing rooms, showers and spas for the disabled and Vichy Spa.

The bistro is located next to the pool and the main restaurant is located next to the onsite lounge and is complete with a commercial kitchen and service areas for food preparation that can cater for up to 400 people. This area is almost complete and has already been installed for gas, extractors, washing areas, toilets, etc.

To the north is an extra 7 hectares of rustic land that could potentially provide additional eco-friendly accommodation with great road access.

There is a spacious reception lounge, precinct rooms, restaurant, 6 self-contained cottages, two upgraded cottages, staff accommodation for up to 16 people, outdoor bar, outdoor swimming pool, amphitheater, and 2 conference rooms, golf courses. tennis, crown green bowls lawn and croquet lawn.

With the growing demand for accommodation as a hotel or as a nursing home in Sotão Este Algarvio this property would be ready to go with very little work to do giving a very quick and very profitable return on investment. All licenses and checks have been made and approved. Building permit for more area is not used and available.