15 bedroom, town centre, residence..

A Home that offers a lifestyle, cash flow & financial security right in the heart of Olhao historical centre, within a pedestrian street less than 500 meters from the waterfront and marina.

Olhao is famed for its waterfront location, Moorish architecture and is surrounded by cafes, tapas bars and restaurants offering breathtaking views over the Ria Formosa and Atlantic ocean. Olhao has the largest fish and fruit market of the Algarve. The two waterfront market buildings offer a huge variety of fresh fish and sea food and a vast array of locally grown fresh fruit and vegetables.

Location, Location, Location

You could not find anywhere more central The strategic location & surrounding areas offer the rest The residence is a 20 minute drive from the Faro International Airport( 15 kms) The fishing town of Olhao is also well connected by local trains and buses. Olhao train & bus stations are a 10 minute walk.

Just a few minutes' walk from the residence daily ferries depart to the Atlantic beaches and the sun drenched islands of Ilha da Culatra, Ilha do Farol, and Ilha da Armona

Lifestyle with cash flow

The residence is an enjoyable lifestyle business venture operating under a Tourist License as a very profitable guesthouse for 9.5 months a year , fully staffed ( refer to Portugal Properties' under Commercial listing)

The residence, comprises of 15 bedrooms all with adjoining showers , 4 wcs, kitchen and dining area, roof terrace with bbq and a laundry room. In addition, a (separate) apartment on the top floor with magnificent views overlooking the waterfront . The apartment has one bedroom with adjoining shower room , another separate bathroom , a full kitchen with eating area, lounge & office .

The property is commercial, freehold with Tourist Licenses. It is being sold turnkey.

URL: http://www.portugalproperty.com/property/villa/olhao/112809/
Ref: PP2534

Property Features

* Villa
* 15 bedrooms
* 16 bathrooms
* Reception room
* Terrace/balcony
* Covered dining area
* BBQ
* Laundry room
* Storage room
* Spacious
* Features great views
* Sea view
* Morning sun
* Evening sun
* On the waterfront