Building  in Monforte
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Building  in MonforteBuilding  in Monforte
€550,000

Building in Monforte

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Description

Former 3-Star Hotel in Monforte | Rehabilitation Project for Investors A unique opportunity for investors and real estate developers. This property, formerly known as Palma Hotel, a 3-star hotel unit, now seeks a new purpose through a rehabilitation and enhancement project. With 4,115 m² of built area, set on a 53,593 m² plot, it features 27 double bedrooms, 1 adapted bedroom, swimming pool, parking, and extensive outdoor areas, offering ideal characteristics for conversion into a hotel, aparthotel, senior residence, healthcare facility, wellness tourism, or other investment project. Located in the village of Monforte, it benefits from a strategic position with direct access to the IP2 highway, enabling quick connections to Portalegre and Estremoz, in a region with growing tourism and real estate demand. Currently in a state of disrepair, it represents an excellent opportunity to recover a landmark asset and develop a distinctive venture with high appreciation potential. If you are seeking a large-scale investment in Alentejo, this could be the right opportunity to transform a former hotel into a successful new project.

Ref: 984410

Characteristics

  • 4,547 m² built, 4,115 m² floor area
  • Garden
  • Parking lot
  • Swimming pool
  • Electric heating
  • Built in 1996

Others informations

Price details

Property price
€550,000
Price per m²
€121 / m²

Monforte, Monforte

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