Hotel 55 m² in Algarve, Portugal

Portugal
Archive cost €450,000
Sold or out of date
Updated at: 15/11/2023

Location

Country: Portugal
State: Algarve

Building parameters

The year of construction: 2022
Number of floors: 3

Property parameters

Total area: 55 m²

Description

Resort on the beach, high quality, in the Algarve. Nice apartment in the Algarve Resort on the beach, high quality, in the Algarve. With a wonderful view of the sea and the city of Carvoeiro on the coast. This region is considered one of the most exclusive European destinations for summer holidays. Near the charming coastal town of Carvoeiro you will find a post office, a bank, a pharmacy, restaurants, supermarkets, a florist and a church. Owners of apartments in the resort can dispose of them as desired: they can be used as their own residence, summer residence or as an investment for passive income. If the owners of the facility choose the investment route, the internal administration of the rents is carried out by a special company - the Hotel Management Company - so that the owners of the apartments can maximize the benefits while not being used personally. Annual income of 4% and it is planned that income will increase to 5% or more in the following years. The services include building insurance, customer reception and registration, cleaning, repair of public areas and apartments, and administrative work for apartments. Apartments are currently available: There are a total of 74 apartments in the resort, including 3 different types: T1 (with one bedroom), T2 (with two bedrooms) and T3 (with three bedrooms). All apartments have a terrace and an outdoor area. Some T2 and T3 apartments offer a wonderful sea view. Apartments : The apartments are on the third floor. Apartment with a bedroom and terrace (16.45 sqm). M.m.) . All of this is located on 72.40 square meters, of which 55.95 square meters. - living area. The apartments have a fully equipped bathroom, a kitchen and an outdoor living room - with access to the terrace . The kitchen is fully equipped with modern technology: dishwasher, washing machine, refrigerator, hood, stove and oven as well as microwave and coffee machine. There are 1 bedroom with access to the terrace . The apartments have thermal insulation, double glazing, wooden floors and other natural flooring, underfloor heating in bathrooms and air conditioning in all apartments. The resort guarantees 24/7 privacy in its area. Residents have access to pools, gardens, parks, a rooftop lounge, a restaurant, a bar, a gym, an underground car park, and hotel and rental management. The management company's services include maintenance and repair work, transport to beaches, etc. For a separate fee, it is also possible to equip the apartments with furniture. Place: 30 minutes by car from Faro International Airport 7.5 km from Estombar train station in Lagoa 4 km to the city of Lagoa Faro is 65 km away, Lisbon 325 km, Porto 550 km away. The beaches are 5 minutes by car and 15 minutes on foot. There are also golf courses and a tennis club nearby. Ownership of foreign investors interested in the Golden Visa from € 400,000. Construction is scheduled to start in September 2020 and will take 20/24 months.

Location

Portugal