Boutique Hotel Guesthouse In Monchique Algarve

Opportunity Summary

 The opportunity - Residencia Minuh

An opportunity to acquire a charming 9 bedroom boutique hotel/guesthouse together with separate owner’s villa, set within a tranquil and private setting in the hills of Monchique. The property has fabulous views over the Algarvian Coastline, just 2km from the pretty traditional town of Monchique which is host to several restaurants, cafes and bars.

Why invest now?

‘Invest in Portugal property-Now is the best time’

Property in Portugal has taken off in the past couple of years as Portugal is one of the resurgent countries of Europe and has gained in popularity, immensely due to the formation of European Union (EU). The country has a rich legacy of historically significant events and places, which adds to the intrigue among the visitors here. A large coastline offers a perfect destination for locals and visitors to enjoy the pleasant chimes of Portugal. Golf is a big hit in the country with hundreds of picturesque golf resorts dotting the country’s landscape with tournaments organized all the year round.

Portugal is currently viewed as a strong investment opportunity due to dampened property prices. The guesthouse offers potential significant future capital gains and substantial residual income from hotel occupancy given the increasing tourism demand in the area. The area is up-and-coming on the tourist circuit, with many developments taking place in the surrounding areas including a new leisure complex, F1 race circuit and recent golf course development.

This also represents a fantastic opportunity to live and work in a stunning location with great on-site facilities.

Key features

·         TOTAL PLOT 1.5 ha (15.000sq.m.)

·         9 BEDROOM GUEST HOUSE – Top floor  1 x self-contained apartment , 2 x double ensuite, 1 x single ensuite - all with balcony access. Ground floor 3 x double ensuite, 2 x single ensuite,

·         200sq m SEPERATE OWNERS VILLA – 3 BEDROOMS (1 master, 2 x bedroom/office), Kitchen, bathroom, dining room, living room with fireplace, office/bedroom, private patio area

·         RESTAURANT WITH BAR, 2 kitchens, 2 bathrooms and storage

·         OUTDOOR POOL

·         SEATED PATIO AREA / BEER GARDEN

·         MOUNTAIN VIEWS

·         WATER PURIFICATION PLANT & BOREHOLE FOR WATER SUPPLY

·         FLOWERED TERRACES

·         ORCHARD AREAS

·         BOTANICAL GARDENS

·         62KM TO FARO AIRPORT

·         20KM TO COASTLINE/BEACHES

Property description

Residencia Minuh offers a special type of holiday accommodation in the year round mild and pleasant climate of the Monchique mountains, where the spas of Caldas de Monchique are a century old tradition. At Residencia Minuh guests enjoy the best of both worlds: The tranquil seclusion of our botanical gardens and quiet family guest house coupled with the easy to reach upbeat environment of busy golden sandy beaches that sit alongside the restaurants and clubs that make the unique and radiant nightlife of sunny Portugal.

Guesthouse/B&B

Nestling in the Monchique hills, and offering breath-taking views 20 km to the distant coastline, is this beautiful large guesthouse B&B built in 1989. The guesthouse is set up over 2 floors and offers a 5 x double rooms, a self-contained 1 Bedroom apartment and 3 x single rooms. All rooms are en-suite.

On the ground floor from a large flowered terrace with pergola, there is access to two double rooms, one with adjacent bedroom for children. Next to these rooms there is a further double room and two single rooms. There is a reception area on the ground floor, a laundry room and a boiler-room.

On the second floor there is a three-room apartment (bathroom, toilet, kitchen, bedroom, living room, balcony) as well as two double rooms and one twin room. All rooms on the second floor have access to the large balcony.

The guest house has its own Bar/Restaurant facility with open fireplace, 2 Kitchens, 2 Bathrooms and a storeroom. The restaurant opens out onto a patio seating area/beer garden, perfect for dining in the Algarve sun or an opportunity to relax with a drink.

The residence also has an outdoor swimming pool surrounded by beautiful garden area and, private from the guesthouse by the surrounding cork trees.

The property is currently owned by a German family and was built according to German standards in 1989. The house has its own purification-plant (3-chamber-system) and its own borehole for water supply. The guesthouse is sold partially furnished.

Private residence

The 200 sq. metre private residence over two floors offers a living room, dining room, fitted kitchen, bathroom, small bedroom/office and private patio area on the ground floor. The master bedroom with walk-in wardrobe and 2^nd bedroom are located on the first floor. The private house is sold without furniture.

The guesthouse and the villa are surrounded by cork trees and a rich variety of fruit trees, including figs, plums, oranges and many others. The exterior is well decorated with exotica botanicals, complimenting the natural beauty of the area. There is also a stream running alongside the property. 

About the area

The charming town of Monchique is an area of serene natural beauty is situated about 25km inland from the superb beaches of Portugal’s Atlantic Coast, properties in Monchique offer something for everyone. Famous for its spa and its bottled water, the sulphur springs have made the town a renowned spa resort. Although Monchique has all the amenities for modern living, it still has a traditional, laid-back ambience, particularly compared to many Algarve resort towns. Also, Monchique properties are more favourably priced than similar properties found in the coastal regions.

With dazzling views and a mild climate, Monchique's air is fresh and many activities take place on the unaltered hills: guided walks, horse riding, mountain biking, Yoga, aromatherapy and crystaltherapy.

A little way down the south-facing hill, surrounded by gardens is Caldas de Monchique. Those who choose to visit this charming village will find the quietness and the life of a different Algarve. Within just half-an-hour you can explore the Algarve coast and in three hours you can be in Spain or Lisbon.

Recent developments in the area:

·         F1 track Respond to this opportunity

·         Morgado Golf course Respond to this opportunity

·         Longevity centre. Respond to this opportunity

·         Intermarche supermarket under construction in Monchique town centre

Weather : Respond to this opportunity

Further info: Respond to this opportunity

Investment return

Revenue in excess of £2300 per week based on 75% occupancy over 7 days @ £50 per room. Prices currently set at €75 for a double room in high season (June-Sep, Easter/Christmas, New Year) and €55 in low season (Jan-May, Oct-Dec). Bar/Restaurant and shuttle services represent additional revenue source.

Price

FOR A LIMITED TIME ONLY A SPECIAL PRICE HAS BEEN NEGOTIATED FOR UK BUYERS

GBP£ 1,219,000 | EUR€1,397,000 | US$ 1,927,700 Conversion rates rounded to nearest 100 and correct as of 15/09/2011.