If you are looking for a good business opportunity, then take a look at this small family run Hotel in Manta Rota near Altura. The Hotel is situated in a beautiful tranquil landscape just 35 minutes from the airport of Faro, 10 minutes from Spain and 5 minutes walking distance from the centre of town and the white sandy beach of Manta Rota.  There are 15 bedrooms, fully furnished with twin or queen size beds, cable television, some with private bathroom and a balcony. There are also beds for small children that can be added to the rooms on request.  The restaurant is a great place to experience regional and world renowned cuisine with a combination of local fresh ingredients and excellent wine list. The hotel is for sale complete with all fixtures and fittings, furniture, linen and is ready to hand over as a going concern built up by the family over the past 2 years.  This extensive property consists of a reception area, fully equipped kitchen, spacious dining room seating around 20 with bar, 15 bedrooms all equipped with television, fitted wardrobes and most with own bathroom and air conditioning, 1 bedroom also has a living room, fully equipped laundry and a separate room suitable for a live in maid or gardener.  The total area of the plot is 2.500 sqm. with a construction area of 550 sqm.  On the plot you have the possibility to extend the building and there is even permission to open a separate bar for public use. At the back of the plot is a garden, with enough space to put a swimming pool and to make a childrens play area, at the front is plenty of covered off road parking.  Part of the plot is currently used to grow fruit and vegetables for use in the hotel kitchen and guests benefit from fresh orange juice every morning!  A great investment with excellent rental potential.

 

PRICE: €1,000,000 EUROS