17-Room Boutique Hotel For Sale Algarve #portugal #algarverealestate

✨Andre’s Property Feature:✨
????a Boutique Hotel for sale in Algarve Portugal- seafront (50 meters to the gorgeous Atlantic Ocean) surrounded by shops, restaurants, cafes and more! ????????Ability to build a brand new penthouse on the top floor with 1 approved extra floor (possible for 2nd additional floor - contingent on municipal approval)
???? elevator ready to be installed to access new penthouse.

Details:
17 rooms fully renovated and newer condition
Current Income of lease agreement expires 2026 w/option to renew (170k€/yearly net income w/yearly increase)
Property tax yearly: 1,100€
Expenses: utilities & maintenance fees paid by current tenant.
Building total sqmt is 528m2 (5683 sq ft)
Distributed into 3 floors.

City hall is favorable in Building 1 or 2 more floors.
???? Contact Andre Castro (WhatsApp) for more info on this investment +351 936 425 214.

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Here’s your opportunity to own your very own boutique hotel in Algarve portugal with option to build your own top floor penthouse with access to sea views! This is a Very unique opportunity available only for a limited time only. ???? Contact Andre Castro (WhatsApp) for more info on this investment +351 936 425 214.

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????????️ @mv_portugal
???? @mv_skyhomes