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Bed & Breakfast, Guest Houses Business For Sale

LISTING DETAILS
Firms For Sale ID:
12705
Vendor reference:
SB1165
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
€3,860,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
This magnificent farm and astonishing 10 bedroom guest house is located in the Alentejo ? one of the most ecologically protected regions of Portugal and the most promising one for the tourists who are in search of peace and quietness, fresh air, and warm people.
Potential to increase to 30 bedroom hotel!
The Alentejo Area is in fact (together with the Azores Islands) the most pure and environmental preserved region of Portugal. It's the country zone, the hunting and the wildest area. And its only 1h30m away from Lisbon and about 40 minutes from Spain, served by the very best highways and roadways.
In the Alentejo, you may find the finest, honest and pure minded people. You can find castles, Palaeolithic "antas" and old Roman bridges. You can also visit old villages and the city of Évora that is a world heritage protected city by UNesco.
The Algarve is loosing the interest of foreign investment, since prices have rose to unaffordable levels. There is a developing process going on in Alentejo now. There are more than ten new approved projects of 18 hole golf courses within a radius of about 50km of this property. The Alqueva Dam ? the biggest European artificial lake, with a perimeter of more than 1100km ? has brought to the Alentejo, some of the most important investment companies of the world and the attention of the foreign media.
The farm is operating and officially certified as an Agro-Tourism (guest house) with more than 1400m2 (15,000ft2)of building facilities, offering ten fully furnished apartments with a potential for growth to thirty rooms and apartments and could upgrade itself into a charming hotel. It has a generous salty water swimming pool and guest facilities include, two large living and games-rooms, one breakfast-room, barbeque, esplanada, porch and more than 1600m2 of garden.
The hotel is implanted in more than 70ha (173 acres) of agricultural and forest terrain in Serra d?Ossa. Part of this area is bound to be urbanised. About 11,000m2 (118,400 sq ft) fall into the urban extension of the adjacent village. According to local regulations and to a plan that is in the process to soon be approved by the Township, one can use this terrain to build a condominium of 17 villas, representing a gross business of more than 5,0 Million Euros ($7,250 Million). The area to be urbanised within the property, may also be used to build a condominium or a tourist resort.
We are selling this great property, completely furbished and active, for the price of 3,860,000 Euros ( Actual asking price) 5.500.000 USD.