Traditional Bed & Breakfast For Sale in São Brás de Alportel
A traditional bed and breakfast for sale in São Brás de Alportel, providing a great commercial opportunity for those looking to invest in the tourism industry in the Algarve.
With an established business already in place, you can simply take over where the previous owners left off and start to reap the benefits, or why not make some changes making it slightly more personalised and unique to you.
Comprising three individual properties you can provide holidaymakers with a traditional Portuguese experience as all properties still have their rustic characteristics.
Renovated back in 2011, the first and main house comprises two floors. On the ground floor there is an open plan kitchen with an island, a spacious room that benefits from lots of light and an excellent stove which is great for heating the property through the cooler months. You will also find a bedroom, bathroom and heated floor on this level.
Upstairs there is an additional two bedrooms and a shared bathroom, along with a small swimming pool and amazing well located outside. All of this makes this home great if you decide to purchase this property for relocation purposes as it comes with all the necessary appliances.
Divided into two areas, the second home has two kitchens, one of which has been renovated and is slightly larger whereas the other has a small fireplace and wood oven making it ideal for those who enjoy baking fresh bread. This home also comes with a living room, dining room, two bedrooms and a bathroom.
Outside there is a balcony which is a great area for breakfasting, dining or if you simply want to sit outdoors and soak up some Algarvian sunshine.
In addition to this, you will also find an annex which comprises a kitchen, living room, bedroom and an additional balcony.
Outdoors there is a wooden pool support, ideal for you to use as a bar for the pool and a garden area which houses some fruit trees.
This property has two articles which means it is possible to separate the main house from the other two buildings so you can use these as rentals or as a place for friends and family to stay when they come to visit.
São Bras is a popular town amongst people that relocate to the Algarve as it has friendly locals and a slower pace of life. In an elevated position north of Faro, the whole area offers lovely views down towards the sea. With a selection of shops, bars and restaurants, São Brás has everything that you and your guests will need to enjoy your stay in this beautiful and tranquil part of the Algarve.
Rental Simulation P Week:
Spring (01 April – 31 May) – 3,250
Early Summer (01 – 30 June) – 3,500
Summer (01 July – 15 September) – 4,000
Late Summer (16 – 30 September) – 3,500
Autumn (01 – 31 October) – 3,250
Winter (01 Nov – 31 March) – 2,800
Purchase Price – 895 000 Purchase Price – 895 000
Deposit Down Payment – 179 000 (20%) Deposit Down Payment – 179 000 (20%)
Finance Amount – 716 000 Finance Amount – 716 000
Interest Rate – 0.873% Interest Rate – 0.873%
Term Period – 30 years 360 months Term Period – 40 years 480 months
Monthly Payments – 2261.41 Monthly Payments – 1767.78 – REF: IDH31993