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Listing ID: 2823075

Tourism Guest Houses In A Gated Private Property For Sale

Sao Miguel Island, Azores, Portugal

€ 950,000

(Furniture / Fixtures included)
(Real Estate Included)

Revenue: € under 100k

Cash Flow: € 0 to 100k

Business Description

Grounds with guesthouses for sale only. Option available to purchase entire property with main residence included for the right offer. Great opportunity for a semi-retirement activity and change the pace of life. Established tourism accommodation business, Quinta das Acacias is ready to ride the growth curve of the tourism industry.
Great return on investment in the near future - tourism industry growing just past the infant stage, and the real estate value on the rise (13% growth on 2017 ---- projected growth of 18 - 20 % for 2018.

Kindly contact us for more details.

Property Details

Size:

5300 m2 of landscaped gardens with 476 m2 of construction

Years Established:

2002

Property Type:

Real

Other Details

Business Location:

It is centrally located in the island, on a rural area known for it´s micro climate zone. It is close to 2 of the most popular beaches on the island and only 10 minutes to city center.

Premise Details:

The accommodation consists of 4 bungalows, corresponding to 7 units ---- 5 units of 1 bedroom, bath, living room and kitchen ---- 1 unit of 2 bedrooms, bath living room and kitchen ---- 1 unit with laundry facility. Each unit is fully functional for either short or long term residence.

Expansion Potential:

This business has the requirements to qualify for government financial subsidy program to take it to the next level of market demand. The property structure and the enviroment offer the ideal opportunity for a wellness resort. The property also has the space to build 2 more bungalows ---- 4 units.

Living Accommodation?

Optional- Separate Villa (268 m2) with 2868 m2 property

Operation Details

Employees:

3

Miscellaneous

Reason For Selling:

Preparing for retirement

Contact this seller

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