This 20-room guesthouse in northern Alentejo is an ideal investment opportunity for those looking to establish a thriving hospitality business in Portugal. Priced at €650,000, it presents a fantastic chance to acquire a spacious property with significant renovation potential. Encompassing 2.4 hectares, the estate features a main building of 1,800 m2, making it suitable for conversion into a charming guesthouse that can attract visitors year-round. The closeness to notable towns like Estremoz and Evora, as well as a mere two-hour drive to Lisbon, enhances its appeal for tourists seeking authentic Portuguese experiences. The outbuildings, including a kitchen area and extra rooms, provide additional utility and flexibility for various guest services. Nature lovers will appreciate the surrounding countryside, ideal for outdoor activities. Potential ROI is promising with the rise of eco-tourism and heritage travel. Ready to seize this investment opportunity? Contact us now for more details and to schedule a viewing.
. Living area: 1.800 m2
. Construction Area: 1.963 m2
. 20 rooms on two floors
. 2 bathrooms
. Near village
This property was built in the 1920s and has been occupied by the same family until 2018. The main building has a footprint of more than 1000m2 but it is in need of a lot of renovation. It is ideal for a big generation family or an investor to convert it into a beautiful running guest house.
The property also has outbuildings:
Connected to an outbuilding of 63,80 m2 adjacent to the house, also with one floor, with a kitchen and two rooms. There is also a service corridor that leads to a small terrace on the first floor and to another outbuilding.
There is also a shed of 85 m2 and a barn of 113,80 m2.
Amenities
Log burner
Well
Location
20 km to Estremoz
45 minutes drive to Evora
2 hours drive to Lisbon
45 minutes to the Spanish border
Other Info
Charming old property in need of a lot of renovation
