Central building, with the possibility of profitability as well as increasing capacity, in Furnas, Azores

Furnas
Hotel • 835 m² • ref: 4c33eea1-d7df-4af2-9e3f-e2c761f35699
HKD 9,750,228

This is a building where is developed a hotel activity.

2 star hotel in the center of Furnas, in activity.

The Hotel is spread over 2 floors. On the ground floor, we can find the reception, as well as all the services that support the Hotel, namely, breakfast room/restaurant, kitchen, laundry, machine room, storage room, as well as a small patio, outside the dining area.

On the first floor, there are 10 rooms, all facing the outside, some of them with access to a balcony.

On the top floor of the property, we can find a house floor that could be converted to support the Hotel, and increase its accommodation capacity. On this floor, it is also possible to find an outdoor terrace, where solar panels are installed.

Outside, you can find a parking lot that supports the Hotel, as well as a small warehouse.

This building may, however, be transformed into another activity if they wish, or eventually, while maintaining the hotel activity, be submitted to a project to increase capacity/number of stars.The regional government of the Azores has a support program for local companies, for several areas, one of which is tourism.

The support consists of a non-refundable subsidy that can go, in this case, from Povoação/Furnas to 50% of the total investment made.

The maximum value of the incentive is 7 million euros.

Furthermore, there is an achievement bonus that can reach up to 25% of the non-refundable subsidy, and which depends, for example, on the hiring of qualified people, a certain rate of profitability, etc.

This program its called Açores 2030, and it goes till 2027.


A little town inside a volcanic crater: Furnas in São Miguel Island, Azores

Furnas is a small civil parish with less than 1,500 inhabitants located on the southeast side of São Miguel Island, about 50km (31mi) from the capital city of Ponta Delgada. You can spend a full day here without ever getting bored because there’s a lot to visit and learn about. What makes Furnas Valley unique is that the area is actually a dormant volcanic crater. Although the Furnas volcano last erupted in 1630, you can feel, see and smell the geothermal activity all around you in the form of steaming fumaroles, thermal pools and natural mineral springs around every corner. And, let’s not forget the tasty treats that get cooked up in all this geothermal heat. The locals utilize the heat of the ground to cook the famous Cozido stew, and also use the mineral waters in several recipes for cheese, pastries, breads, meats and more. 


Caldeiras Geysers of Furnas, São Miguel Island, Azores

In the center of town, Furnas boasts close to 30 bubbling, steaming caldeiras and fumaroles of different temperatures and biological compositions, the strong smell of sulfur wafting through the air at every turn. Unsurprisingly, the locals have made the best of having these natural steam pots around. Temperatures range from 70ºC (158ºF)  to 100ºC (212ºF) which is perfect for cooking (but dangerous to get too close to!)  You can stop in for a snack of freshly boiled corn on the cobb, cooked in one of the caldeiras in town!


Furnas Golf Course, São Miguel Island, Azores

The breathtaking landscape is the perfect setting for unforgettable rounds of golf in the pure, natural environment of the Azores. There are currently three golf courses on the islands, 2 with 18 holes and 1 with 27 holes. On São Miguel, Batalha overlooks the sea and is the newest and most challenging course while Furnas (located in the mountains at an altitude of 500m/1,640ft) is sprinkled with lakes and stands of Japanese Cryptomeria.



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Surfaces

Living835 m²
Internal835 m²
Total835 m²
Balcony
Furnished
Garden
Parking

Furnas

The agent has not provided the exact address for this property. You can request it here.
Energy efficiency ratingNo data
Environmental (CO₂) impact ratingNo data
ID1218-2385