Hotel 103 m² in Algarve, Portugal

Portugal
Archive cost €550,000
Sold or out of date
Updated at: 09/11/2023

Location

Country: Portugal
State: Algarve

Building parameters

The year of construction: 2022
Number of floors: 3

Property parameters

Total area: 103 m²

Description

Resort by the beach, high quality, in the Algarve. With amazing views of the sea and the city of Carvoeiro on its coast. This region is considered one of the most exclusive European destinations for summer holidays.Located near the charming coastal town of Carvoeiro, where you can find a post office, bank, pharmacy, restaurants, supermarkets, a florist and a church. Owners of apartments in the resort can dispose of them as they please: 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 path of investment, the internal management of the rents will be carried out by a special company - Hotel Management Company, so that the owners of the apartments can maximize the benefits while they are not used personally. Annual income from 4% and it is planned that income will increase to 5% or more in subsequent years. The services include building insurance, reception and registration of customers, cleaning, repair of common areas and apartments, maintenance of apartments. Apartments are currently available: In total, there are 74 apartments in the resort, among which there are 3 different types: T1 (with one bedroom), T2 (with two bedrooms) and T3 (with three bedrooms). All apartments have a terrace and an external area, as well as some T2 and T3 apartments have magnificent ocean views. Apartments: Apartments are located on the second floor. Two-bedroom apartment with terrace (22.35 sq.m) and a parking space in the garage . All this is located on 103.25 square meters.m., of which 80.90 square meters.m. - living area. The apartments have a fully equipped bathroom, kitchen and living room in open space - 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 2 bedrooms of which 1 bedroom is suite, both with access to the terrace . The apartments have thermal insulation, double glazing, wooden floors and other natural floor coverings, floor heating in bathrooms and air conditioning in all apartments. The resort guarantees privacy on its territory around the clock. Residents have access to pools, gardens, parks, a rooftop lounge, a restaurant, a bar, a gym, underground parking and a hotel and rental management service. The services of the management company include maintenance and repair work, transport to beaches, etc.d. And also, for a separate fee, it is possible to furnish the apartments with furniture. Location: 30 minutes by car from the International Airport Faro 7.5 km from the Estombar train station, the city of Lagoa 4 km to the city of Lagoa Faro is 65 km away, Lisbon is 325 km away, Porto is 550 km away. Beaches are 5 minutes away by car and 15 minutes on foot. Nearby are also golf courses and a tennis club. Ownership designed for foreign investors interested in the Golden Visa from & euro; 400,000. The start of construction work is scheduled for September 2020 and will last 20/24 months.

Location

Portugal