Wondering how to invest in a property with significant boutique hotel potential in Silves, Algarve? This stunning 19-room townhouse located in the heart of Silves offers limitless possibilities for the investor-minded buyer. Completed in 1836 and renovated in 2007, this property features 4 bedrooms and 6 bathrooms, spread across a generous 616m² of living area, along with a private swimming pool and a charming courtyard.
With its unique Rococo-style plaster ceilings and multiple large rooms, the townhouse holds immense potential for transformation into a boutique hotel or guesthouse. Positioned just minutes from Silves' historical centre and 14.2 km from the beach, it attracts tourists who are eager to experience the rich culture and history of the region. Imagine hosting guests in a beautifully designed space, showcasing the architectural elegance while providing modern comforts.
Silves is celebrated for its rich heritage and vibrant community, making it an ideal setting to invest in and develop a hospitality venture. The property is nearby essential amenities, including restaurants, bars, and local attractions, creating a prime location for both leisure and exploration.
Holding the possibility to create a dining area for events and conferences, this property makes for a wise investment choice with significant ROI potential. Buyers will enjoy the traditional Portuguese charm that draws guests annually to the area for events like the renowned medieval festival.
Are you ready to turn this historic townhouse into your next successful investment? Contact us today to discuss potential developments and arrange a viewing!
• Living Area 616m², Construction Area 881m²
• Plot 896m²
• Year of construction 1836, Year of Renovation 2007
• 4 Bedrooms, 6 bathrooms
• 2 Floors, 19 Rooms in total
• Private pool 47m² & courtyard
• Distance from beach 14.2km
This property was originally constructed in 1836 and boasts a construction area of 880m² with 19 rooms surrounding a large central courtyard with swimming pool. There is potential with the correct permission, to transform this large family residence into a boutique hotel with space for events/conferences/dining. It has stunning Rococo-style plaster ceilings and the whole property has a unique, ‘townhouse’ elegance. It has a large cobblestone courtyard, swimming pool and many large adjoining rooms and annexes that could be untilised as additional accommodation.
Silves region is renowned for its citrus growing, traditional Portuguese villages and architecture. A viewing of this property is highly recommended.
Main House
Ground Floor:
• Large entrance hall with staircase
• Study and storage
• Large reception room with log burner – ideal for events
• Utility room with outdoor access
First Floor
• 4 x double bedrooms with en-suite bathrooms
• Stairs to first floor terrace and storage
• Dining room with fireplace
• Lounge with fireplace
• Kitchen
• Music room
Annex 1 Ground Floor
• Hall
• Room currently used as Laundry room
• Corridor to ante-room with spiral staircase to 1 room
• Kitchen (with Pizza oven) and door to barbecue area
• Large room currently used as a games room
Other adjacent buildings:
• Large annex currently used as 3 car garage
• Shower room & WC
• Storage/Pantry
External:
• Swimming pool
• BBQ and dining area
Amenities
• Mains utilities
• Solar panels for hot water
• Double glazing throughout with original wooden shutters
• Air Conditioning in main house
• External lighting
• Alarm with CCTV
Location
• 14.2km to the ocean (Carvoeiro)
• 6.3km to the nearest golf course (Silves)
• 290m to nearest school
• 61.7km to Faro airport
• 260m city centre Silves
Other Info
• The property does not currently have a rental licence.
