49 bedroom Hotel For Sale São Martinho

Madeira (Funchal) family run 49 room hotel for sale Hotel comprises 3 Building complex with 39 rooms, 34 cover indoor Restaurant plus garden dining terrace, kitchen (capable of supporting 100+ covers per service) and swimming pool on 1450 sq m. A separate annex contains a further 10 Rooms and an owners Apartment (120 sq m) on 340 sq m. Hotel is situated in a stunning elevated position overlooking the Bay of Funchal There is a small spa/massage facility. Recent program of renovations include: infrastructure upgrades, kitchen and rooms. Occupancy consistently exceeds 70%. Restaurant serves 30+ covers nightly. The total Room count of 49 includes 1 suite and 4 junior suites. 15 rooms have frontal sea views and balconies. Turnover ~Euro700k pa. Price: Euro 2.1m (including fixtures and fittings, stock/inventory at valuation). Option to buy for Euro 1.1m adopting existing property lease. Contact Details: Brian Cooke Email: brian@cooke.me.uk Phone: +44 (0)7970 865775
Bedrooms	49
Bathrooms	56
Year of Construbtion	1963
Total Area	1790m²
Covered Area	1500m²
Advertised by	316Tel. +44 (0)7785 332428
Price	€2.100.000

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