Investing in this unique 19-room property in Silves presents an exciting opportunity for those looking to develop a boutique hotel. Priced at €1,800,000, this historic townhouse is situated in the heart of Silves, offering a prime location with great visibility and accessibility for potential guests. Originally built in 1836 and renovated in 2007, the property spans an extensive 881m², surrounding a large courtyard with a 47m² swimming pool.
The spacious layout includes four double bedrooms with en-suite bathrooms, multiple reception rooms ideal for events, and additional annexes that can be used for accommodation. This flexibility allows for creative configurations, which is a massive plus for aspiring hoteliers looking to cater to diverse clientele.
Located just a short distance from the vibrant city centre, you'll find local restaurants, cafes, and cultural heritage sites that attract tourists year-round. Plus, with annual medieval festivals and picturesque landscapes, Silves has become a sought-after destination for holidaymakers.
With its rich architectural elegance and significant potential for high occupancy rates, this property represents a solid investment with favourable ROI prospects. Whether you're looking to host events, provide dining options, or serve as a relaxing retreat, this townhouse offers the perfect backdrop.
Seize the chance to transform this remarkable space into a boutique hotel. Reach out today to discuss investment details!
• 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.
