Project in Algarve, Portugal
An 11 storey hotel built into the rocks, overlooking a stunning bay, is the site of this investment opportunity with huge potential. Sold as a complete renovation project including reception area, storerooms, 10 parking spaces & public areas, large old restaurant & pool, terrace & bar. This is a fantastic opportunity to restore many parts of this previously bankrupt hotel to its former glory. Ask for info regarding tax exemptions & the option to purchase 11 apartments with this deal for the total price of 2.200.000€. Apts are currently rented so it is not possible to arrange viewings.
