Hotel in Algarve, Portugal, 72 sq.m

Beach resort, 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 is located near the charming coastal town of Carvoeiro, where you can find a post office, a bank, a pharmacy, restaurants, supermarkets, a florist and a church.

The owners of the apartments in the resort can dispose of them as they please: they can use them as their own residence, summer residence or as an investment for passive income.

If the owners of the property choose the investment path, the internal management of the leases will be carried out by a special company - the Hotel Management Company, so that the owners of the apartments can make the most of the benefits while they are not being used personally. The annual income is from 4% and it is planned that the income will increase to 5% or more in the following years. The services include insurance of the building, reception and registration of clients, cleaning, repair of common areas and apartments, administrative work of the apartments.

The following apartments are currently available:

In total, there are 74 apartments in the resort, among which there are 3 different types: T1 (one-bedroom), T2 (two-bedroom) and T3 (three-bedroom).

All apartments have a terrace and an outside area, and some apartments T2 and T3 have magnificent ocean views.

And the parts:

The apartment is located on the second floor.

One-bedroom apartment with a terrace (16.45 sq.m.). All this is located on 72.40 sq.m., of which 55.95 sq.m. is the living area.

The apartment has a fully equipped bathroom, a kitchen and a living room in an open space - with access to the terrace.

The kitchen is fully equipped with modern appliances: a dishwasher, a washing machine, a refrigerator, an extractor hood, a stove and an oven, as well as a microwave and a coffee machine.

There is 1 bedroom with access to the terrace.

The apartments have thermal insulation, double glazing, wooden floors and other natural floor coverings, underfloor heating in the bathrooms and air conditioning in all apartments.

The resort guarantees privacy on its territory around the clock. Residents have access to swimming 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 the beaches, etc. And also, for a fee, it is possible to furnish the apartment with furniture.

Location:

• 30 minutes by car from Faro International Airport

• 7.5 km from Estombar Railway Station, Lagoa city

• 4 km to Lagoa city

• Faro is 65 km away, Lisbon is 325 km away, Porto is 550 km away.

• The beaches are 5 minutes away by car and 15 minutes on foot.

• There are also golf courses and a tennis club nearby.

The start of construction work is scheduled for September 2020 and will last 20/24 months.