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Established Care Home Property In Tavira For Sale

Tavira, Faro, Portugal
Asking Price:
€4,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under €100K
Cash Flow:
Under €50K

property consists of 32 suites, spa rooms, function and conference rooms, indoor pool, bistro, restaurant and staff accommodation.

Ideal to complete as a hotel or care home for the elderly. 4,300m2 m2 built on a 52,000 m2 plot, with permission to build an extra 1000m2

Operator in place to use finished project.

This is a wonderful opportunity to acquire this newly redeveloped property at this stage. Licensed, and it has many potential alternative uses, such as a rehabilitation center, nursing home or yoga retreat, wellness resort, private clinic, etc. (equipped throughout for disabled access to all areas).

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 elevators and handicapped rooms. The spa will include 4 large treatment rooms, a Turkish bath and sauna, an 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, two conference rooms, and 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 the Algarve, 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 permits for more area are not used and available.

Property features

* Commercial
* Swimming pool
* 38 rooms
* Air conditioning
Garden
* Heating
* Parking
Conservatory
* Reception room
* Terrace /Bacony
* Covered dining
area
* Children's play area * Gym
* BBQ
* Laundry
*
Spacious storage room
* Character property
* New development
* Features great views
* Morning
sun
* Evening sun * South facing
* Close to bars/restaurants

Property Details

Santa Catarina From Fonte do Bispo


Under construction


Computer-generated images are available of finished facility to serious buyer.

Property Sale: Partnerships partnerships considered

€4,500,000

Property Information

Real Estate:

Real Property Included

Location:

Santa Catarina do Fonte do Bispo

Premises Details:

Care Home project 90% complete

Size in square feet:
4,300m2 built on 52,000m2 plot, with permission to build an extra 1000m2
Planning Consent:

4,300m2 build on 52,000m2 plot, with permission to build an extra 1000m2

Business Operation

Expansion Potential:

Large area with planning permission unused

Competition / Market:

Nothing of this size

Reasons for selling:

Access to funds not available
Would consider a partnership

Employees:
0
Years established:
12