Hotel 119 m² in Algarve, Portugal

High quality beach resort in Algarve. Amazing two bedroom apartment High quality beach resort in Algarve. With stunning views of the sea and the city of Carvoeiro on the coast. This region is considered one of the most exclusive European places for summer holidays. Located near the charming coastal city of Carvoeiro, where there is a post office, bank, pharmacy, restaurants, supermarkets, florist and church. Apartment owners in the center can dispose of them at their own discretion: they can be used as a place of residence, place of residence or investment in passive income. If the owners of the facility choose the investment route, the internal management of the rental will be managed by a special company: Hotel Management Company, so that apartment owners can maximize profits until they are used personally. Annual income of 4% and income is expected to increase to 5% or more in the following years. Services include construction insurance, customer collection and registration, cleaning, repair of common areas and floors, administrative apartment work. The apartments are currently available: In total, the complex has 74 apartments, including 3 different types: T1 (one bedroom), T2 (two bedrooms) and T3 (with three bedrooms). All apartments have a terrace and an outdoor area, and some T2 and T3 apartments have great ocean views. Apartments: The apartments are located on the ground floor. Two bedroom apartment with terrace (38.90 square meters) and parking space in the garage . All this is at 119.80 square meters.m. of which 80.90 square meters.m. - living room. The apartments have 2 fully equipped bathrooms, kitchen and outdoor living room, with access to the terrace . The kitchen is fully equipped with modern technology: dishwasher, washing machine, fridge, extractor hood, stove and oven, as well as microwave and coffee maker. There are 2 bedrooms for those who eat, both with access to the terrace . The apartments have thermal insulation, double glazing, wooden floors and other natural floor coverings, underfloor heating and air conditioning in all apartments. The complex guarantees 24 hour privacy. Residents have access to swimming pools, gardens, parks, rooftop lounge, restaurants, bar, gym, underground parking, and hotel and rental management services. The services of the administering company include maintenance and repair work, transportation to beaches, etc. And also for a separate fee you can equip apartments with furniture. Location: 30 minutes by car from Faro International Airport 7.5 km from Estombar train station, Lagoa 4 km from the city of Lagoa Faro is 65 km, Lisbon 325 km, Porto 550 km. The beaches are 5 minutes away by car and a 15-minute walk away. There are also golf courses and a tennis club nearby. Property intended for foreign investors interested in the Golden Visa from EUR 400,000 Construction work is scheduled to begin in September 2020. And it will last 20/24 months.