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Luxury Town House And B&B In Alvor For Sale

Alvor, Faro
Asking Price:
€1,070,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€200,000
Cash Flow:
€200,000

This three-storey townhouse with a rooftop terrace was built in 2014 and is centrally located in the picturesque village of Alvor, within walking distance to the beach as well as all amenities. The property was built to create a "Five Star" accommodation using high quality materials and finishes and is today a very popular Holiday Rental property - Luxury accommodation with a documented history of a profitable net revenue. The business model can be changed to a full or part time B&B at any time.

This spacious townhouse could also be the home to a large family och for someone who wants to invite many friends.

The business is marketed under the name "The Birds Nest" and can be found on all major listings such as booking.com, AirBnB, Homeaway and Tripadvisor.

The property is owned by a Portuguese company (Lda). A buyer can choose to buy either the real estate or the company. The latter has many benefits for a buyer who wants to continue with the holiday rental or B&B. It is a very simple transaction to buy the shares of the company and move the revenue streams to the buyer's account.

The Birds Nest Facebook page can be found on www.facebook.com/thebirdsnestalvor. The ownership of the Facebook page will be transferred to the buyer.

We have a nice reliable staff consisting of a Property Manager and two cleaning ladies. Three very nice Portuguese ladies. We pay the staff a very reasonable rate by the hour to the company of the Property Manager, which is preferable not having to have the responsibility of direct employees.

Property description:

Ground floor consists of two bedrooms, a laundry, a large bathroom, a modern fully equipped kitchen and a living room in an open plan solution with direct access to a lovely patio. Stairs lead up to the first floor which consists of three bedrooms, all with an en-suite bathroom. The upper floor includes a terrace by the staircase overlooking the patio area and a spacious bedroom with an en-suite bathroom as well as access to it's own large terrace accessed by panoramic sliding doors. The roof terrace has a jacuzzi and a pergola and offers a 360 view of Alvor as well as sea views! A townhouse and a holiday rental/B&B, that has been designed with every comfort in mind and is a perfect investment.

Sold fully furnished. Everything is included. Everything is in perfect condition.

Ready to move in or rent out!

Summary:
• Successful business
• Bed & Breakfast
• Close to beach and town
• Built 2014
• 5 star luxury accommodation
• 6 bedrooms (12 beds)
• 5 bathrooms
• 9.9 on booking.com
• Underfloor heating (water-based)
• Terraces
• Roof terrace
• Sea views
• Jacuzzi
• Energy class: A
• Bathrooms en-suite
• Patio
• Air conditioning
• Solar panels

If interested, please contact the seller through the form on this page.

Property information

Real Estate:

Real Property Included

Living Accommodation:

It is possible to exclude The Swan Suite from the rental offer and keep it as the owners accommodation

Location:

Is located in the centre of Alvor, next to the ancient castle and market hall, yet on a quiet street

Size in square feet:
2,336

Business Operation

Expansion Potential:

Was built to maximise the rental potential The property is built as a small luxury hotel with 6 separate bedrooms. The business model will be changed to a fulltime B&B after 2019 holiday rental high season

Competition / Market:

This is the largest holiday rental property in central Alvor. We have the highest score on booking.com with an average of 9.9. It differs from other holiday rental properties due to the luxury standard and the high pricing (500-700 Euro/day)

Reasons for selling:

Other investments

Trading hours:

24/7

Employees:
0
Years established:
5

Other Information

Support & training:

All required introduction will be offered to a buyer. Everything is up and running. A change of ownership will be very easy.

Furniture / Fixtures value:
€150,000 - included in the asking price
Inventory / Stock value:
€20,000 - included in the asking price
Website:
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