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Thriving 7 unit Aparthotel with separate 4 bedroom villa and pool in Vale da Telha, Costa Vicentina

Hotel in Vale da Telha

ref. LG1181
950.000€
  • C
  • 12
  • 11
  • 567m2
  • 2.560m2

Well established and profitable aparthotel in Vale da Telha in the beautiful Costa Vicentina with gym, bar and pool with separate 4 bedroom villa set in popular tourist destination. The property and apartments have been successfully running for 27 years and are an excellent investment. If you are looking for a turnkey business opportunity - this is it!

Usage
Residential
Type
Hotel
Town
Vale da Telha
Parish
Aljezur
Municipality
Aljezur, Faro
Region
Algarve (West Coast)
Construction Year
1994
Renovation Year
1999
Rooms
16
Bedrooms
12
Bathrooms
11
Floors
2
Furnished
Fully
Living Area
567 m²
Usable area
574 m²
Plot Area
2.560 m²
Private Parking
Balcony/Terrace, Garden Terrace
Fully Fitted
Storage, Laundry, Gym, bar
Fitted Wardrobe
En-Suite
Cable/Satellite TV, Internet/Phone, Boiler
Double glazing
Lighting, Communal
Private, Communal gardens, Communal BBQ
Play Area
Country-side View, Distant Sea View
• Plot 2560m²
• Total living area 567.46m²
• Construction year 1994
• 12 bedrooms
• Bar, gymnasium and barbecue
• Pool

This popular aparthotel has been successfully doing business with the same owner for 27 years and makes a very good turnover consistently from March ‘til October. This unique property is located on the west coast in Vale da Telha in the Costa Vicentina between Monte Clerigo and Arrifana beaches just a stone’s throw away in the Parque Natural do Sudoeste Alentejano. The quaint town of Aljezur is 10 minutes’ drive away. This business is ideally situated for many outdoor activities such as surfing and hiking plus, the hotel has its own bikes for guests to rent at 5€ a day.

The property consists of two large adjoined back to back plots. One is the guesthouse with parking, bar, gym and barbecue. The guesthouse has 4 x 1 bedroom apartments on the ground floor and also a studio. The 1 bedroom apartments have their own private terrace. The first floor consists of a further 1 bedroom apartment and a large 2 bedroom apartment. There is also a fully equipped laundry and storage room.

The two plots join seamlessly by a low maintenance garden which has been planted with shrubs, flowers and trees and benefits from auto irrigation. There is the possibility to construct a pool for the guest house if planning permission and it is possible to separate the two plots.

The second plot consists of a villa and pool. As the plots are joined, the pool is shared by guests and is located on the border of the two plots alongside the bar and barbecue. The villa was originally 4 bedrooms and three bathrooms but has also been converted into 2 x 2 bedroom apartments currently used as permanent residence for the owner with guest accommodation for visiting family and friends.

This property has been well maintained and comes fully furnished offering the perfect opportunity for a turnkey business with the bonus of private on-site accommodation. 2017 booking history and returns available upon request.

Amenities

• Communal pool
• Air conditioning in 2 apartments
• Fully furnished and equipped
• Outside bar
• Children's play area
• Communal barbecue area and gardens

Location

• Distance to sea 1.5km
• Distance to beach 2.5km
• Distance to airport 110km
• Distance to town and school Aljezur 5km