Albufeira, Faro, Portugal, MI2, Portugal
€950,000Contact us
Other info
- Council Tax Band: Ask agent
- Lease expiry date: Ask agent
- Lease length remaining: Ask agent
Ref no: INT260053
Located in the heart of Albufeira, just 350 metres from Praia dos Pescadores, this hostel enjoys a prime location within walking distance of the beach, restaurants, shops, nightlife, and all essential amenities.
The property offers 149.28 m² of private gross area and 41.20 m² of dependent gross area, with a layout ideally suited for tourist accommodation.
Inside, the hostel comprises seven guest rooms, two bathrooms, a fully equipped kitchen, a storage area, a reception, and an indoor lounge.
At the northern end of the property, there are two additional rooms dedicated to staff accommodation, providing excellent operational functionality.
One of the property's standout features is its variety of outdoor social spaces. At the centre of the hostel, a charming chill-out courtyard creates a relaxed and welcoming atmosphere for guests.
The property also boasts a rooftop terrace with a bar, offering the perfect setting to enjoy the Algarve sunshine and enhance the overall guest experience.
Combining an exceptional central location, proximity to Praia dos Pescadores, and a well-designed mix of indoor and outdoor spaces, this hostel represents an outstanding investment opportunity in one of the Algarve's most sought-after tourist destinations.
Location
A rare opportunity to acquire a fully operational hospitality property in one of the Algarve's most iconic coastal locations.
Floor plan
Enlarge
Stamp duty calculator
Total stamp duty
Please note: This calculator shows results for UK resident purchasers. These estimates are provided as illustrative figures for guidance only and cover only England and Northern Ireland. Cluttons is not authorised to give financial advice; the above calculator is not intended to be financial advice and should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.
Mortgage calculator
Monthly repayments
These results are for a repayment mortgage and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.