BCP Looks to Sell Bayview Sesimbra for €2.5 Million
29 October 2019 – The Bayview Sesimbra project, located in the town of Sesimbra, just to the south of Lisbon, is on sale for 2.5 million euros. Millennium bcp is selling the 4,500-m2 property, which includes the tourist flats Varandas da Falésia. The property is on the Estrada de Argéis, on a cliff overlooking the Praia da California.
The resort, which was built in the 1980s, operated for several years in three separate buildings. In 2007, the municipal authorities approved a subdivision, limiting it to 47 4-star accommodation units.
The bank is accepting bids for the asset up to 5 pm on November 8, 2019.
Original Story: Idealista
Adaptation/Translation: Richard D. K. Turner