Property for sale

Almancil, Loulé, Spain

This historical former school dates back over 100 years and until recently successful restaurant businesses for over 40 years. In a prime location only minutes from the luxury developments and golf courses of Vale do Lobo and Quinta do Lago – The property has the potential to be converted into a boutique hotel, or wellness spa, making it a versatile investment opportunity.

The historical charm of the former school building, combined with its prime location and potential for development, make it a unique and attractive proposition for investors looking to capitalize on the growing tourism market in the Golden Triangle of Algarve region of Portugal.

With its rich history and potential for profitable development, this former school building represents a once-in-a-lifetime investment opportunity for the savvy investor as the added benefit of the building and site is the fact that the total potential construction area permitted for commercial buildings is up to 1700sqm (0,7 index) according to pdm offering an amazing ROI.

Don’t miss out on the chance to turn this piece of history into a lucrative business venture. Contact us today to learn more about this incredible property.

The asking price for the freehold or holding company is €3,400.000

Features & Amenities
Interior
Fireplace
Exterior
Garden
Terrace
Outside Dining Area
Other Features
Fireplace
Garden
Parking space
Terrace
Proximity: Public Transport