Description A rare opportunity to buy a Business and have a unique life style in the sun in the much sought after rural eastern Algarve Portugal. This property consists of a renovated traditional Quinta (Farmhouse) that is now used as the owner's residents. Here you find a large kitchen, dining room, living room w/logburner, bedroom w/showerbath and a great covered private terrace. In addition a smaller terrace with sea view. On top of the whole complex a large terrace with superb nearly 360 views of the surroundings and to the coast. Attached to the Quinta are six furnished and equipped apartments for self catering and in addition an annex with bathroom and kitchenet (today used as storage). Total of 6 bathrooms with bathtub and 3 showerbaths. 9 bathrooms in total.
The property has earlier served as a family home. Can be combined.
Fully furnitured in the rentals.
There is a large swimming pool with big sun terrace, a BBQ area with tables and seating, a double garage and gardens. 10000 sqm of ground.
Price 875,000 Euro. Gross Revenue approx 70,000 Euro (should be able to increase if the money needed). Approx 80% of living costs covered by company. Organized as a limited company which saves tax when buying.