Reference: 617165

Renovation Project! Great Investment!This hostel is in a very good location, close to the popular spots of Baixa and Barrio Alto. There are 16 rooms with the possibility of extending by further 2-3 rooms in the attic and there is a good size bar and eating area and an outside terrace. This hostel for sale is run down and needs renovation. The occupancy is 80% peak-season and 50-60% off peak; they get the over flow from another just recently renovated hostel when it is full.The other recently renovated hostel nearby looks very well and it has 100% occupancy during peak season and 80% off-peak. They charge 25 per bed per night and have rooms with 4 or 6 beds. They run a bar and restaurant too and make a good income from that. With bed and consumption in the hostel, the guests can pay a total of 40-50 per night per bed.Price: Euro 950,000Is this renovation project of interest to you?PLEASE CONTACT US FOR FURTHER DETAILS ON 01-6771188.Features:- Amazing Investment Product- Fully licensed and bonded Estate Agents (S1229A). Authorised by the Financial Regulator - A004235/06- Wide selection of properties available- Phone us for more info- Call into our offices for further details!To request further details please use the Contact Us link below.To view more properties from Locations click the 'More Properties' link below.