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What are the investment opportunities for a commercial property in East Algarve?

Guesthouse in Tavira

ref. TV1919
2.725.000€ 2.400.000€
  • C
  • 15
  • 9
  • 1.510m2
  • 28.890m2

Investing in this unique commercial property in East Algarve offers remarkable opportunities for buyers seeking a versatile asset. With a total construction area of 1582 m², this property is tailored for diverse commercial uses, including a guesthouse, cultural centre, or wellness retreat. Its idyllic rural setting is ideal for attracting guests looking for tranquility while remaining close to Tavira and Faro's amenities. This fully licensed property boasts accommodation for up to 67 participants and staff, making it perfect for retreat businesses. The expansive 28,890 m² plot includes numerous indoor and outdoor spaces, providing an ideal backdrop for leisure activities or therapy sessions. Constructed in 1994, with additional facilities added in 2000, it has been operational for 25 years and holds potential for further development or full renovation. The proximity to Algarve beaches and stunning countryside landscapes enhances its appeal for rental potential, making it a wise investment for buyers. Take advantage of the area's popularity among tourists and locals alike. Contact us now to discover how you can make this profitable venture your own!

Usage
Commercial
Type
Guesthouse
Town
Tavira
Parish
Tavira (Santa Maria e Santiago)
Municipality
Tavira, Faro
Region
Algarve (East)
Construction Year
1994
Renovation Year
2000
Rooms
17
Bedrooms
15
Bathrooms
9
Floors
2
Furnished
Fully
Living Area
1.510 m²
Surface area
1.582 m²
Plot Area
28.890 m²
Country Road, Driveway, Turning Space
Private Parking, Parking outdoors
Lounge
Terraces, Roof Terrace
Dance/Yoga Studio
Solar (Water)
Cistern, Mains electric, Septic tank
Water tank
Private, Natural, Trees
Panoramic View, Countryside View
• In operation
• Construction area: 1582 m²
• Plot: 28890 m²
• Construction year: 1994
• Accommodation for up to 67 participants and staff
• Idyllic countryside setting
• Private valley with independent retreat infrastructure
• On-site car parking
• Energy rating: C
• Nearest beach: 16 km

This spectacular property offers a variety of indoor and outdoor spaces both within the main building complex and in the private valley setting.

The property comprises a main building complex with accommodation on two floors, workshop rooms, an office building and service facilities built in 2000, and a small separate house for staff/owner’s accommodation built in 1994, all formally licensed. Complementing this is a private valley with a beautiful natural environment that is used for leisure activities and can be used as a separate, independent setting.

The cultural center has been successfully in operation for 25 years, needs to be renovated depending on its use, has legally valid house documents and offers several workshops, large rooms, accommodation for guests, as well as accommodation for staff.

Possible use of the property:
• Hostel
• Guest house with treatments, such as SPA etc.
• All types of retreats, such as silent retreat, yoga retreat, botox, zero diet under supervision
• Any kind of specialty clinic
• All kinds of leisure activities with SPA, restaurant, sports activities,
• As a mediation center
• Self-discovery training
• Event resort

With further renovation work, it could become a retirement and nursing home or a health resort.

Main building:
• 11 bedrooms and two dormitories accommodating up to 37 people
• Nine bathrooms
• Two large indoor workshop studios with stages
• Reception area, dining area and kitchen
• Courtyard, garden spaces and roof terraces
• Office and administration area
• Laundry and storage rooms
• Studio with accommodation for one member of staff
• Staff bedroom on the terrace

Separate house:
• Kitchen/dining area
• Living room or bedroom
• Bedroom or office
• Bathroom
• Private terrace

Outside:
• Garage/workshop
• Water tank
• 12 wooden cabins, accommodating up to 28 people
• Large workshop room
• Large tipi
• Sweat lodge (temporary)
• Two shower and toilet blocks
• Kitchen and dining facility

Amenities

• Water from borehole
• Septic tank (“fossa”)
• Mains electricity, water and drainage
• Solar panels for hot water
• Private on-site parking
• Licenced for business use as a Cultural Centre
• Water tank used as swimming pool

Location

• Distance to sea: 11.5 km
• Nearest beach: 16 km (Praia do Barril; Praia da Fuzeta Ria)
• Nearest golf: 18 km (Benamor)
• Nearest town: 12 km (Tavira)
• Faro International Airport: 31 km
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