Description
Vila Lido - Historical Elegance on the First Line of Praia da Rocha.
Vila Lido, built in 1940, is one of the most striking historic buildings in Praia da Rocha. With an exclusive location on the seafront, the property offers unparalleled views of the sandy beach of Praia da Rocha and the Marina of Portimão, being located next to the iconic Fortress of Santa Catarina.
Characteristics and Potential of the Property: Vila Lido has already functioned as a hostel, and the structure of the property reflects the potential for future tourism exploration or requalification projects. With 11 rooms (including two doubles and one with independent entrance), each with an en-suite bathroom, and features such as air conditioning, heating, minibar, wardrobes, television and Wi-Fi, the property is prepared to provide comfort and exclusivity. Some rooms also offer balconies with stunning sea views.
Distinctive Ambience and Architecture: The interiors of Vila Lido retain decorative elements of great value, such as hand-painted tiles, carved wooden ceilings, and a stone fireplace in the communal living and dining room. Surrounded by a well-kept garden, the property invites you to moments of tranquillity and appreciation of the Algarve sun.
Location and Proximity: A few meters away are several dining options, entertainment, bars, shops and a casino. The city of Portimão is minutes away, and the picturesque village of Alvor is about a 10-minute drive away, with Faro International Airport approximately 55 minutes away.
Investment Opportunity: Vila Lido presents a unique investment opportunity, allowing the buyer to capitalise on the potential of a historic property, strategically located in one of the most sought-after tourist destinations in the Algarve.
Ref. : 5689
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