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Luxury Hotel Apartments And Spa Algarve For Sale

Tavira, Faro, Portugal
Asking Price:
€9,900,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

Property with 71 unfinished apartments, and Hotel & SPA services located in a luxury residential area, five minutes from the center of Tavira town and 10 minutes from the beaches and golf courses.

Ideal for senior concepts or clinic SPA!
Apartments can be sald individually.

Structure and construction already built at about 45%, needs to be completed.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

71 Apartments from 50 to 90 sqm each.
Pool
SPA
Restaurant Bar
Garage
etc.

Location:

In the East Algarve, built in a luxury residential area, 5 minutes from the center of Tavira town and 10 minutes from the beaches and golf courses.

Premises Details:

Structure and construction already built at about 45%, needs to be completed.
71 apartments

Size in square feet:
9.200 sqm construction

Business Operation

Expansion Potential:

Good investment to develop un hotel apartments for sale individual units and operate as un hotel or residential tourism apartments..

Competition / Market:

Very good location!
Built in a luxury residential area, few minutes walk to Tavira town and 5 km drive to the best beaches and golf courses.

Reasons for selling:

need for capitalization

Employees:
0
Years established:
10

Other Information

Business closed / Asset sale:
Yes
Relocatable:
This business can be relocated.