Description
11 storey hotel, built into the rocks overlooking the stunning Praia do Vale de Centeanos bay is the site of this investment opportunity with huge potential. Sold as a complete renovation project including 11 apartments (9xT1, 2xT2, 8 with sea views), old laundry, 3 old x shops reception area, storerooms, 36 parking spaces & public area in the garage, large old restaurant & terrace, pool, terrace & bar & public areas. This is a fantastic opportunity to manage the whole condominium & restore many parts of this previously bankrupt hotel to its former glory. Ask for info regarding tax exemptions.