Charming Guesthouse With Rooftop Pool In Downtown

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Charming Guesthouse With Rooftop Pool In Downtown 1 380 000 € Ref: IW1482/22

314 m²

**** Active And Transferable Short Term Rental Permit ****

Excellent building with typical late XIX century arquitecture, located in prime and central area of Albufeira, 300 meters from Praia do Peneco, 450 meters from Praia dos Pescadores, 500 meters from Old Town and 1000 meters from the marina.

Fully renovated in 2019, this asset presents itself as exceptional solution from an investment and and yield based standpoint on the Short Term Rental Market, where it is currently managed, as it is under "Propriedade Total", one of the rare exceptions to continue this model to the recent legislation in force by the Portuguese Government.

Sold fully furnished and equipped, the building, divided into two floors, has the following characteristics:

- 10 Suites
- Front Desk
- Common Living Room
- Common Kitchen
- Parking:
- 2 Covered Spaces
- 1 Outdoor Space
- Common Terrace
- Rooftop Pool

If your objective is to obtain an above average annual return from this existing business, don´t miss this unique opportunity and call us!

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Invest Wise is a real estate platform created for you by specialists in local accommodation management, Host Wise.

Host Wise is one of the leading Portuguese property management companies in Porto and is rapidly expanding nationwide. Specialized in the short-term market, Host Wise includes long-term rental and rural tourism in its portfolio. Currently managing more than 250 properties in 21 cities of Portugal, Host Wise differentiates itself from its competitors through a professional analytical team capable of providing revenue forecasts for real estate investments.

These direct synergies with the real estate market place Host Wise in a privileged position to cover the entire value chain, from investment analysis to product management and execution.

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Property Type
Building

Typology 0 Bedrooms

Objective Sell

Condition Recovered

Price 1 380 000 €

Construction Year N/A

Country Portugal

District Faro

County Albufeira

Parish Albufeira e Olhos de Água

Zone N/A

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Rooms	Area	Floor	Walls	Ceilings	Comments

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Domotic System (Home Automation)

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