Lucrative 7 Bedroom Bed & Breakfast For Sale in Boliqueime
A seven bedroom Bed & Breakfast for sale in Boliqueime, located in a quiet area with easy access to several beaches, this property is a fantastic investment for commercial use.
Nestled on a plot of 5790m2, the building itself comprises 433m2 and offers excellent sea views making it a prime holiday destination for holidaymakers coming to the Algarve.
Divided across two floors, this rustic style villa has a fully fitted kitchen, a living room, dining room, a guest bathroom and four bedrooms – all with their own en-suite bathrooms and access to the external ground floor terrace.
Upstairs there are three more bedrooms, again with their own en-suite bathrooms, along with a large room which can be converted into a cinema room or leisure area depending on personal preference.
A laundry room and storage area can also be found which is great for any guests who wish to utilise these facilities.
The property itself is surrounded by several fruit trees and comes with a magnificent swimming pool which offers breathtaking sea views and the surroundings providing a great spot for your guests to sit back, relax and soak up the amazing Portuguese climate.
If you are interested, there is a possibility to extend the construction by another 2000m2 for rural tourism, effectively increasing your income generated by holiday rentals in the Algarve.
A property with this much potential shouldnt be overlooked, especially in an area which is known to be an up and coming market with great capital growth and whether you approach this as an investment or personal home, there is a great chance to add your own stamp and create a wonderful living space.
Boliqueime is a Portuguese freguesia, located in the municipality of Loulé, in the region of the Algarve. Loulé is the largest municipality in Central Algarve and is the perfect place to enjoy festive summer nights such as the Noite Branca (White Night).
Purchase Price – 1 550 000 Purchase Price – 1 550 000
Deposit Down Payment – 310 000 (20%) Deposit Down Payment – 310 000 (20%)
Finance Amount – 1 240 000 Finance Amount – 1 240 000
Interest Rate – 0.873% Interest Rate – 0.873%
Term Period – 30 years 360 months Term Period – 40 years 480 months
Monthly Payments – 3916.41 Monthly Payments – 3061.51
– REF: IDH32094