House, Albufeira Centro, Albufeira

A PRIME ASSET. YOUR VISION. Albufeira Old Town | Established Business 420.9 m² | Development Potential In the heart of Albufeira's historic centre, just a short walk from the sea, lies a property with characteristics rarely found in this location: indoor and outdoor spaces, a garden, courtyard and an established tourism operation. A property that can be considered for the business it accommodates today — but also for the potential of the real estate itself. CURRENT USE: The property is currently operated as a duly registered hostel, with an official capacity of 34 guests across 7 dormitories and 34 beds. The property includes: - Reception and lounge; - Kitchen; - 7 guest dormitories; - Bathrooms and shower facilities; - Laundry/storage area; - Staff and operational areas; - Internal courtyard of approximately 33 sqm; - roof terrace with 50m2; - Garden. ONE PROPERTY, DIFFERENT PERSPECTIVES: For a hospitality investor or operator, this may represent an opportunity to continue or reposition an existing tourism operation. For another buyer, the real value may lie in the location, size, garden, outdoor areas and characteristics of the property itself. Its configuration allows different concepts and value-enhancement strategies to be considered, always subject to the necessary planning feasibility, licensing and approval by the relevant authorities. Property & Investment Overview • Total Land Area: 420.9 m² • Gross Construction Area: 190 m² • Gross Private Area: 149 m² • Gross Dependent Area: 41 m² • Registered Guest Capacity: 34 guests • Asking Price: €950,000 This opportunity is not only about understanding what exists today. It is about recognising what this property could represent to the right buyer. Discover the property. Explore the possibilities. Make an informed decision.