Hotel building with approximately 45 rooms, for tourist use, located in the historic center of Albufeira.

Nearby are the beaches of Pescadores and Túnel do Peneco.
Panoramic views over the city and the sea.

The multi-storey building is vacant and available for sale on the open market.
Uses permitted: Housing, Commercial Services and Equipment, Restaurants and Drinks.
For a mere €2,800 per m2

Distributed over the various floors we have:
A swimming pool on the terrace, with two toilets on the pool terrace, a technical room and an elevator machine room.
Two lounges (bar and lounge), two changing rooms and two toilets for staff, laundry or linen room, storage room, technical room for the water pumping system, reception, two rooms for administrative support, three toilets, two small lounges, two dining rooms, kitchen/cupboard and service corridor.
The floors of the suites have identical compartmentalization, a stairwell, elevator access and a small service support area.
The building has small balconies and some communal terraces.
The suites are equipped with air conditioning, television, Wi-Fi and minibar.
Vertical circulation is ensured by two staircases and two elevators, one for guests and the other for service.
for guests and one for service. There is also an elevator.

The building will be sold free and clear, without encumbrances or charges, without staff, but fully equipped and furnished.

Road access is easy and direct to Avenida 25 de Abril, (the main axis of the historic center), allowing connection to the EN125 and through this, to the A22 (Via do Infante), ensuring good articulation with the rest of the municipality and the entire Algarve region.

In short, the surrounding area is a central, dynamic and highly tourist-oriented historic urban location, with a wide range of shops and support services, where hotel use is fully integrated.

For parking, there is the possibility of negotiating a space, in a basement of a neighboring building, in the amount of 1 space per room. More information on this subject will be shared.

Given the urban planning parameters in force, it is not feasible to extend the existing building. However, it is possible to carry out conservation and improvement works, while maintaining the uses currently compatible with the urban classification.

For more information or to schedule a visit, those interested will need to be identified, registered and qualified by e-mail.

It should be noted that in the PDM for Albufeira's historic center, there is no possibility of new hotel construction, nor is there room for new hotel licenses.

This is a unique opportunity.